119th Congress

H.R.2988

Increase Retirement Earnings Act Retirement Proxy Protection Act Providing Complete Information to Retirement Investors Act No Discrimination in My Benefits Act

Protecting Prudent Investment of Retirement Savings Act

Chamber Passed·1/26/26

Prefiled

Introduced

Chamber Passed1/26/26

Final Passage

Complete

Federal HB2988 amends ERISA to mandate fiduciary duties, restrict non-pecuniary factors in investment decisions, and enhance disclosure requirements.

Federal HB2988, known as the Protecting Prudent Investment of Retirement Savings Act, amends the Employee Retirement Income Security Act of 1974 (ERISA) to enhance fiduciary duties and investment considerations. It mandates that fiduciaries manage shareholder rights prudently, focusing solely on economic interests of participants and beneficiaries. The bill restricts fiduciaries from considering non-pecuniary factors in investment decisions unless they document their insufficiency. It also requires fiduciaries to adopt proxy voting policies and monitor delegated voting activities.

Included in complete analysis

Overview
Core Provisions
Implementation
Impact
Legal Framework
Critical Issues

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Where it stands

Last: Passed the House · 213–205 · Jan 26
Current: Health, Education, Labor, And Pensions Committee
Next: Senate floor vote

Roll Call Votes

395 Yea

R R D D R D D R D D D D D R R R R R D R R D R R R D R R D R D D D R R D R R D DRD R R R R R D R R R R R R R R D R D D D R R R R D R RRR R R R R D R R D D R R R R D R R D D D R D D R D D R D D R D R D R R R D D R R D RRD R D D D R D R D R R D D D R D R D D D D R R D D D R R D D D D R D D R D R D D D D D D D D D R R R R R R R D D D D D R D R R D R R D R R D D R R D R R D D R D D D D R D D R R D R R D R R I D D D D D R D D D R R D D R D R D D D D D D D D D R R D D R R R D R R D D R RRD D R D D R R R R R R R R R R R R R R R R R R R D D D R R R D D R R D R R R R D D D D R R D R D D R R D D R R R D R R D R DRD R R D R DRD R D R D R R D R R R R R D R D D D R R R R D D D D R D D D D R D D D R D D D D D D D D D R R D R R D R R R R R R R R R R D R D R D R R R R D D R D R D R D

22 Nay

D D D D D D D D D D D D D D D D D D D D D D

14 Absent

R DDD R R R D R R D R R R

Calendar

Jan 12

4:00 PM

House Committee on Rules Hearing

History

Jan 26

Senate

Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Jan 15

House

Considered under the provisions of rule H. Res. 988. (consideration: CR H897-907; text of amendment in the nature of a substitute: CR H897-899)