SBE - Small Business & Entrepreneurship Council
09/25/2025 | Press release | Distributed by Public on 09/25/2025 15:35
SBE COUNCIL Supports DOL’s Step to Pursue a Rulemaking on Diversifying 401(k) Investment Options
By SBE Council at 25 September, 2025, 9:29 am
NEWS
FOR IMMEDIATE RELEASE
Washington, D.C. - In response to the Department of Labor's (DOL's) announcement that it plans to issue a notice of proposed rulemaking on President Trump's directive to the DOL to work with the Treasury Department and the Securities and Exchange Commission (SEC) to open up defined contribution plans, such as 401(k)s, to private market investments, Small Business & Entrepreneurship Council (SBE Council) President & CEO Karen Kerrigan issued the following statement:
"The Labor Department's decision to pursue a rulemaking on this important matter boosts the certainty that is needed to harness the full potential of wealth-building opportunities and choices for investors, and access to capital for startups and small businesses. A formal rule versus 'guidance' protects this space from the political whims of future administrations or regulators who may be ideologically opposed to markets and wealth building. Unlocking 401(k)s to investment in private markets will enable millions of private sector employees to use retirement savings to build wealth and help fund small businesses. Democratizing access to these opportunities needs to be locked in and protected, and a formal rulemaking allows for the long-term regulatory certainty and processes required to ensure these opportunities flourish."
Related Content:
SBE Council Statement of Support for President Trump's Executive Order on 401(k)s
CONTACT:
KAREN KERRIGAN, [email protected]
SBE Council is a nonpartisan advocacy, research and education organization dedicated to protecting small business and promoting entrepreneurship. For more than 30 years, SBE Council has advanced a range of private sector and public policy initiatives to strengthen the ecosystem for strong startup activity and small business growth.
Visit www.sbecouncil.org for additional information. X: @SBECouncil
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SBE - Small Business & Entrepreneurship Council published this content on September 25, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 25, 2025 at 21:36 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]