Shutdown Stalls SEC Work on Private Credit in Retirement Plans

The month-long government shutdown is delaying the Securities and Exchange Commission’s work to make it easier for 401(k) plan managers to include private credit and other alternative assets in their offerings.

The SEC, in partnership with the Labor Department, hasn’t been able to make much progress on the issue due to staff furloughs, SEC Chairman Paul Atkins said Friday during an interview on CNBC.

President Donald Trump signed an executive order in August directing the Labor Department to reevaluate guidance to fiduciaries to get them more comfortable with including private credit, digital assets and other alternative assets in ...