Trump administration's effort to mandate S&P 500 index exposure in new retirement accounts (Trump accounts) combined with a cap of 10 basis points in fees is a government mandate for index weighting—the opposite of market-based competition and a signal that the administration wants to concentrate capital in large-cap equities.
causalpending
Speaker
Dave NodicEvidence Quote
“the strongest example by far are the so-called Trump accounts, which I think fairly uniquely in investment management history not only mandate specifically the S&P 500 or similar index, but also cap the potential fee at 10 basis points in the legislation, which I found talking because I like not that I'm against passive. I've had my whole life in it, but I'm I am a big believer in like market competition.”
Source
The Trillion Dollar Trap | Mike Green on Passive Investing's Fatal Design Flaw— Excess ReturnsCreated: 8/11/2026, 5:27:10 AM
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