Senator Jim Banks introduces a bill to enhance transparency for retirement investment options, promoting informed decisions for investors.
Quiver AI Summary
Senator Banks introduces new legislation: Senator Jim Banks (R-Ind.) has unveiled the "Providing Complete Information to Retirement Investors Act." This proposed legislation aims to enhance transparency by requiring retirement plans to clarify investment options for workers, specifically differentiating between professionally managed funds and self-directed investments.
Legislation details: The bill mandates that ERISA-governed plans must inform investors about risks when transferring funds into non-fiduciary options. Senator Banks emphasized the need for American investors to be aware of where their savings are allocated, while Senator Bill Cassidy (R-La.) supported the initiative, underscoring the importance of protecting workers' retirement funds from political influences.
Background context: The bill was previously passed by the U.S. House of Representatives as part of the "Roll Back ESG To Increase Retirement Earnings Act." It addresses concerns regarding the management of retirement savings in ESG plans, which some studies suggest could undermine financial returns for investors.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Jim Banks Net Worth
Quiver Quantitative estimates that Jim Banks is worth $3.4M, as of October 31st, 2025. This is the 207th highest net worth in Congress, per our live estimates.
Banks has approximately $87.6K invested in publicly traded assets which Quiver is able to track live.
You can track Jim Banks's net worth on Quiver Quantitative's politician page for Banks.
Jim Banks Bill Proposals
Here are some bills which have recently been proposed by Jim Banks:
- S.3083: A bill to amend the Employee Retirement Income Security Act of 1974 to ensure that pension plans provide notice to participants and beneficiaries on risks associated with certain investments, and for other purposes.
- S.3028: Protecting Ballot Measures From Foreign Influence Act of 2025
- S.2992: Gas Can Freedom Act of 2025
- S.2962: Small Business Investor Tax Parity Act of 2025
- S.2961: A bill to direct the United States Postal Service to designate single, unique ZIP Codes for certain communities, and for other purposes.
- S.2955: Forced Abortion Prevention and Accountability Act
You can track bills proposed by Jim Banks on Quiver Quantitative's politician page for Banks.
Jim Banks Fundraising
Jim Banks recently disclosed $278.4K of fundraising in a Q3 FEC disclosure filed on October 15th, 2025. This was the 337th most from all Q3 reports we have seen this year. 65.9% came from individual donors.
Banks disclosed $348.2K of spending. This was the 153rd most from all Q3 reports we have seen from politicians so far this year.
Banks disclosed $2.7M of cash on hand at the end of the filing period. This was the 124th most from all Q3 reports we have seen this year.
You can see the disclosure here, or track Jim Banks's fundraising on Quiver Quantitative.
