Windfall: 401(k) Industry Quietly Passes $300 Billion to Wealthy
Washington, D.C. – Lawmakers in the United States quietly passed a bill that experts say could result in a $300 billion windfall for the wealthy, raising concerns about the influence of the 401(k) industry on Congress. The legislation, known as the ‘401(k) Fairness Act,’ has sparked debate among politicians and experts on its potential impact on income inequality. The bill was introduced by representatives who have received significant donations from the financial industry, leading critics …