1210-AC38 comment 2882 Southwest Public Policy Institute 05302026

Summary: The Southwest Public Policy Institute expresses strong support for the proposed rule, arguing that it democratizes access to alternative assets like private equity for 401(k) and 403(b) participants. They advocate for a process-based safe harbor to protect fiduciaries from litigation while suggesting specific modifications to liquidity caps, valuation requirements, and third-party advice mandates.