House bill · 119th Congress · Latest step: Introduced

Retirement Investment Choice Act

H.R. 5748Introduced Oct 14, 2025Policy area: Labor and Employment

Official title: To codify Executive Order 14330 (relating to democratizing access to alternative assets for 401(k) investors).

Sponsor: Rep. Troy Downing R-MT

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Where it went

IntroducedOct 14, 2025
Committee action—
Passed House—
Passed Senate—
To the President—
Became law—

Latest action: Oct 14, 2025 — Referred to the Committee on Education and Workforce, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Cost and committee reports

Official records Congress.gov attaches to H.R. 5748.

Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. DOWNING, as printed in the Congressional Record (Vol. 171, No. 169, October 14, 2025, Page H4537):
Article I, Section 8
Source: Congress.gov, Congressional Record October 14, 2025 ↗
Evidence
Field in the Congress.gov record
constitutionalAuthorityStatementText
Statement length
20 characters
Congress.gov bill record
H.R. 5748, 119th Congress
Congress.gov API record
https://api.congress.gov/v3/bill/119/hr/5748
Record last updated by Congress.gov
December 9, 2025
PORKER copy retrieved
September 13, 2026
Stored copy, SHA-256 of the file
f9e4354d1657a69e099d08bca7af3338aa9606718b94f11bba97da5b17444d30
PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.

Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of December 9, 2025). Not every bill gets one.

Sent to: Financial Services Committee, Education and Workforce CommitteeBills with a CBO estimate Bills with a committee report See it in the Data Web

From the Congress.gov bill record for H.R. 5748, last updated December 9, 2025. PORKER’s copy was retrieved September 13, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.

Vote results

No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).

Cosponsors

5 cosponsors — 5 Republicans

0 of 5 cosponsors (0%) are from the other party.

Earl Carter (R-GA), Warren Davidson (R-OH), Byron Donalds (R-FL), Barry Moore (R-AL), Marlin Stutzman (R-IN).

More from the sponsor

Other 119th Congress bills sponsored by Rep. Troy Downing.

Sponsor’s state and district

Montana in Congress · MT-2 district

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Data as of Sep 13, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.