PARSA

# PARSA Bill Summary **What It Would Do:** The PARSA (Preventing American Retirement Savings in Adversarial Countries Act) would restrict how retirement savings accounts—like 401(k)s and IRAs—can invest in companies connected to countries the U.S. considers adversarial, particularly China. The bill targets investments in Chinese companies and would give the Department of Labor authority to regulate and limit these types of investments to protect retirement accounts from potential sanctions risks and national security concerns. **Who It Affects:** This bill primarily affects American workers and retirees whose pension funds and retirement accounts may hold investments in foreign companies, as well as financial service providers and investment managers who handle these accounts.

Broader impacts could extend to U.S.-China trade and investment relations. **Current Status:** The bill is currently in committee (S 928, 119th Congress), sponsored by Republican Senator Jim Banks of Indiana. It has not yet been voted on by the full Senate, meaning it's still in the early legislative stage where it's being reviewed and debated before potential floor consideration.