U.S. Labor Department moves to broaden 401(k) investment choices, Tim Scott notes

U.S. Labor Department moves to broaden 401(k) investment choices, Tim Scott notes
New 401(k) options for U.S. workers

Tim Scott highlighted a new proposal from the U.S. Department of Labor designed to increase 401(k) investment options. The initiative seeks to help workers, including families in South Carolina, access more opportunities to build financial security through expanded retirement savings avenues.

Scott emphasized the importance of giving every American a fair chance at achieving financial stability and growing their retirement nest egg.

Scott has previously cited federal support programs for South Carolina. He noted that EximBank U.S. supported 68 exporters and $9 billion in export value for the state over the last decade. The new Labor Department proposal comes as Scott continues to focus on financial opportunities for local workers and families.

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