Fine Would Make It Harder to Sue Over 401(k) PEU

Blackstone Group, a politically connected private equity underwriter (PEU) struck a deal with Empower

Empower enables employers to offer private market Collective Investment Trusts CITs within their plan's investment lineup, provided they partner with an advisor to deliver the solution through an advice-based managed account.

Blackstone has lots of holdings it can dump into a CIT for Empower 401(k) holders.

Red Team Congressman Randy Fine authored a House Bill that would make it harder for retirement plan holders to sue 401(k) administrators and associated financial advisors for bad advice relative to private equity, private credit and cryptocurrencies.

Private equity has long sought access to Americans' retirement accounts and Trump II made that dream come true.

Fine introduced the grab "Greenland by their Ice Patch" bill under Trump II's orders.  That's not all for the first term legislator.  

Following the lead of PEU Legends, the first to take up the right of Israel to enact massive casualties on women and children in Gaza, Fine introduced the "No Anti-Semitism in Education Act."  Blackstone's Jon Gray, Bill Ackman and Leon Cooperman were the first to strike out at university associated Gaza protests at Penn, Columbia and Harvard.

Fine cosponsored  the "Voting Only through English" Act.

“If the only language you can speak is a foreign language, then go vote in a foreign election,” said Congressman Fine. “American elections are for Americans who speak English, period.

Fine discussed denaturalizing and deporting New York Mayor Zohran Mamdani.

He also introduced a bill designating the Council on American-Islamic Relations (CAIR) a foreign terrorist organization.  CAIR called out Fine for his words suggesting wiping out those who would wipe out us in reference to Muslims.  

It is common for members of Congress to support Israel whole-heartedly and push the agendas of their largest donors. 

Red Team Fine has a bright future given his outstanding service of PEU legends.  He need only look at Blue Team Kysten Sinema's post Congressional rewards for inspiration.

 Politicians Red & Blue love PEU and their new TechGod brethren.  Increasingly, more are one.