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Trump Advocates Retirement Overhaul, Expands Investment Options

3/30/2026

Summary

Story summary

U.S. President Donald Trump advocates a retirement system overhaul to deliver comfort and dignity for aging Americans by reducing regulatory overreach and litigation that hinder innovation.
The Labor Department proposed a rule for selecting investment options in defined-contribution plans, such as 401(k)s.
The rule clarifies that no investment class or strategy is inherently unlawful for retirement plans.
The rule permits alternative investments, including private equity, to enhance plan diversity.

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Story summary

U.S. President Donald Trump advocates a retirement system overhaul to deliver comfort and dignity for aging Americans by reducing regulatory overreach and litigation that hinder innovation.
The Labor Department proposed a rule for selecting investment options in defined-contribution plans, such as 401(k)s.
The rule clarifies that no investment class or strategy is inherently unlawful for retirement plans.
The rule permits alternative investments, including private equity, to enhance plan diversity.