PARSA

# PARSA Bill Summary **What the Bill Does:** The PARSA (bill number HR 2067) would establish new regulations restricting certain financial investments and bank account activities, with a focus on preventing U.S. capital from flowing to China and other foreign entities. The bill grants the Department of Labor expanded authority to oversee and regulate how pension funds and employee retirement benefits are invested, particularly regarding restrictions on investments in countries subject to U.S. sanctions or deemed strategic concerns. **Who It Affects:** This legislation would primarily impact pension fund managers, investment firms, and financial institutions that handle retirement accounts and employee benefits. It would also affect workers whose pension funds are subject to new investment restrictions.

Additionally, any U.S. companies with significant Chinese operations or investments could be affected by the sanctions-related provisions. **Key Provisions & Status:** The bill strengthens the Department of Labor's role in monitoring and limiting foreign investments, particularly those involving China. It currently sits in committee, meaning it has been introduced but has not yet been voted on by the full House of Representatives. As with all bills in committee, it may be debated, amended, or stalled depending on legislative priorities.