Citation :
The Trump administration is finalizing an executive order that would pave the way for 401(k) retirement savings plans to invest in private equity, according to people familiar with the matter. President Donald Trump could sign the directive soon, but details are still being discussed and no date is set for an announcement, said the people, who asked not to be identified discussing private deliberations. The move would be a major win for the industry, which has been lobbying to secure a piece of the roughly $12.5 trillion held in 401(k)s. The directive would be the biggest move yet by the Trump administration to bring private equity to retirement plans.
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