3.0.0
2988
2026-01-17T09:09:13Z
2026-01-17T09:09:13Z
House
H
HR
2025-04-24
119
https://www.congress.gov/bill/119th-congress/house-bill/2988
[Congressional Record Volume 171, Number 69 (Thursday, April 24, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ALLEN:H.R. 2988.Congress has the power to enact this legislation pursuantto the following:clause 18 of section 8 of article 1 of the constitution[Page H1624]
- hsed00
Education and Workforce Committee
House
Standing
  - Unknown
2026-01-15T15:37:17Z
  - Unknown
2026-01-15T15:31:06Z
  - Reported By
2025-12-30T19:11:43Z
  - Markup By
2025-06-25T13:12:07Z
  - Referred To
2025-04-24T15:03:10Z
H. Rept. 119-421

- Providing Complete Information to Retirement Investors Act
119
3083
S
2025-10-30
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
  - Related bill
CRS

- Providing for consideration of the bill (H.R. 2988) to amend the Employee Retirement Income Security Act of 1974 to specify requirements concerning the consideration of pecuniary and non-pecuniary factors, and for other purposes; providing for consideration of the bill (H.R. 2262) to amend the Fair Labor Standards Act of 1938 to exclude certain activities from hours worked, and for other purposes; providing for consideration of the bill (H.R. 2270) to amend the Fair Labor Standards Act of 1938 to exclude child and dependent care services and payments from the rate used to compute overtime compensation; providing for consideration of the bill (H.R. 2312) to amend the Fair Labor Standards Act of 1938 to revise the definition of the term ''tipped employee'', and for other purposes; and providing for consideration of the bill (H.R. 4366) to clarify the treatment of 2 or more employers as joint employers under the National Labor Relations Act and the Fair Labor Standards Act of 1938.
119
988
HRES
2026-01-13
Motion to reconsider laid on the table Agreed to without objection.
14:04:08
  - Related bill
House
  - Procedurally related
House

- Retirement Proxy Protection Act
119
1996
HR
2025-03-10
Referred to the House Committee on Education and Workforce.
  - Related bill
CRS
- 2026-01-15
10:43:24
Motion to reconsider laid on the table Agreed to without objection.
Floor
H38310
2
House floor actions
- 2026-01-15
10:43:22
On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31).
Floor
H37100
2
House floor actions
31
https://clerk.house.gov/evs/2026/roll031.xml
House
119
2026-01-15T15:43:22Z
2
- 2026-01-15
10:43:22
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31).
Floor
8000
9
Library of Congress
31
https://clerk.house.gov/evs/2026/roll031.xml
House
119
2026-01-15T15:43:22Z
2
- 2026-01-15
10:37:17
On motion to recommit Failed by the Yeas and Nays: 206 - 210 (Roll no. 30).
Floor
H36210
2
House floor actions
  - hsed00
Education and Workforce Committee
30
https://clerk.house.gov/evs/2026/roll030.xml
House
119
2026-01-15T15:37:17Z
2
- 2026-01-15
10:31:18
The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
Floor
H8A000
2
House floor actions
- 2026-01-15
10:31:06
Ms. Kaptur moved to recommit to the Committee on Education and Workforce. (text: CR H905)
Floor
H36200
2
House floor actions
  - hsed00
Education and Workforce Committee
- 2026-01-15
09:57:36
The previous question was ordered on the amendment and the bill pursuant to the rule.
Floor
H35000
2
House floor actions
- 2026-01-15
09:48:50
DEBATE - Pursuant to the provisions of H. Res. 988, the House proceeded with 10 minutes of debate on the Huizenga amendment No. 1.
Floor
H8D000
2
House floor actions
- 2026-01-15
09:03:58
DEBATE - The House proceeded with one hour of debate on H.R. 2988.
Floor
H8D000
2
House floor actions
- 2026-01-15
09:02:33
Rule provides for consideration of H.R. 2988, H.R. 2262, H.R. 2270, H.R. 2312 and H.R. 4366. The resolution provides for consideration of H.R. 2988 under a structured rule, and H.R. 2262, H.R. 2270, H.R. 2312, and H.R. 4366 under a closed rule. The rule provides for one hour of general debate and one motion to recommit on each bill.
Floor
H8D000
2
House floor actions
- 2026-01-15
09:02:28
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)
Floor
H30000
2
House floor actions
- 2026-01-12
18:48:32
Rules Committee Resolution H. Res. 988 Reported to House. Rule provides for consideration of H.R. 2988, H.R. 2262, H.R. 2270, H.R. 2312 and H.R. 4366. The resolution provides for consideration of H.R. 2988 under a structured rule, and H.R. 2262, H.R. 2270, H.R. 2312, and H.R. 4366 under a closed rule. The rule provides for one hour of general debate and one motion to recommit on each bill.
Floor
H1L210
2
House floor actions
- 2025-12-30
Placed on the Union Calendar, Calendar No. 367.
Calendars
H12410
2
House floor actions
U00367
- 2025-12-30
Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-421.
Committee
H12200
2
House floor actions
  - hsed00
Education and Workforce Committee
- 2025-12-30
Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-421.
Committee
5000
9
Library of Congress
  - hsed00
Education and Workforce Committee
- 2025-06-25
  - hsed00
Education and Workforce Committee
1
House committee actions
Ordered to be Reported (Amended) by the Yeas and Nays: 21 - 15.
Committee
- 2025-06-25
  - hsed00
Education and Workforce Committee
1
House committee actions
Committee Consideration and Mark-up Session Held
Committee
- 2025-04-24
Referred to the House Committee on Education and Workforce.
IntroReferral
H11100
2
House floor actions
  - hsed00
Education and Workforce Committee
- 2025-04-24
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2025-04-24
Introduced in House
IntroReferral
1000
9
Library of Congress
- A000372
Rep. Allen, Rick W. [R-GA-12]
Rick
Allen
R
GA
W.
12
N
- 2025-09-29T19:03:00Z

H.R. 2988, Protecting Prudent Investment of Retirement Savings Act
https://www.cbo.gov/publication/61770
As ordered reported by the House Committee on Education and Workforce on June 25, 2025
Labor and Employment
- Business ethics
2025-06-30T17:38:07Z
- Employee benefits and pensions
2025-06-30T17:38:07Z
- Financial services and investments
2025-06-30T17:38:07Z
Labor and Employment
2025-05-20T13:12:58Z
07
2025-12-30
Reported to House
2026-01-12T19:24:12Z
Protecting Prudent Investment of Retirement Savings Act
This bill modifies the requirements for fiduciaries of employer-sponsored retirement plans.
First, the bill generally requires a plan fiduciary to make investment decisions based solely on pecuniary factors (i.e., factors that a fiduciary prudently determines are expected to have a material effect on the risk or return of an investment based on appropriate investment horizons consistent with the plan's policies and objectives).
The bill allows nonpecuniary factors to be considered in certain situations, such as when selecting investment options for certain participant-directed retirement plans or if the fiduciary is unable to distinguish between investment alternatives on the basis of pecuniary factors alone.
The bill also prohibits a plan fiduciary from discriminating when selecting, monitoring, and retaining any fiduciary, counsel, employee, or service provider of the plan.
The bill requires a plan fiduciary to act solely and prudently in accordance with the interests of the plan's participants and beneficiaries when exercising a shareholder right (e.g., voting of proxies). However, the fiduciary duty to manage shareholder rights does not require the voting of every proxy or the exercise of every shareholder right.
Finally, the bill requires a plan fiduciary to provide specified notices with respect to a pension plan that provides a participant or beneficiary the opportunity to select from designated investment alternatives.

Protecting Prudent Investment of Retirement Savings Act
- Short Title(s) as Reported to House for portions of this bill
107

Providing Complete Information to Retirement Investors Act
2025-12-31T03:38:15Z
H
House
Reported in House
RH
- Short Title(s) as Reported to House
102

Protecting Prudent Investment of Retirement Savings Act
2025-12-31T03:38:15Z
H
House
Reported in House
RH
- Short Title(s) as Reported to House for portions of this bill
107

Increase Retirement Earnings Act
2025-12-31T03:38:15Z
H
House
Reported in House
RH
- Short Title(s) as Reported to House for portions of this bill
107

No Discrimination in My Benefits Act
2025-12-31T03:38:15Z
H
House
Reported in House
RH
- Short Title(s) as Reported to House for portions of this bill
107

Retirement Proxy Protection Act
2025-12-31T03:38:15Z
H
House
Reported in House
RH
- Display Title
45

Protecting Prudent Investment of Retirement Savings Act
2025-05-07T04:23:19Z
- Short Title(s) as Introduced for portions of this bill
106

Increase Retirement Earnings Act
2025-05-07T04:23:17Z
Introduced in House
IH
- Short Title(s) as Introduced for portions of this bill
106

No Discrimination in My Benefits Act
2025-05-07T04:23:17Z
Introduced in House
IH
- Short Title(s) as Introduced for portions of this bill
106

Retirement Proxy Protection Act
2025-05-07T04:23:17Z
Introduced in House
IH
- Short Title(s) as Introduced for portions of this bill
106

Providing Complete Information to Retirement Investors Act
2025-05-07T04:23:17Z
Introduced in House
IH
- Short Title(s) as Introduced
101

Protecting Prudent Investment of Retirement Savings Act
2025-05-07T04:23:17Z
Introduced in House
IH
- Official Title as Introduced
6

To amend the Employee Retirement Income Security Act of 1974 to specify requirements concerning the consideration of pecuniary and non-pecuniary factors, and for other purposes.
2025-05-07T04:18:32Z
Introduced in House
IH
152
119
HAMDT
An amendment numbered 1 printed in Part A of House Report 119-440 to require the Government Accountability Office to publish a study on brokerage accounts.
An requires the Government Accountability Office to publish a study on brokerage accounts.
2026-01-17T09:09:13Z
2026-01-15
On agreeing to the Huizenga amendment (A002) Agreed to by the Yeas and Nays: 395 - 22 (Roll no. 29).
10:29:59
Roll no. 29
https://www.congress.gov/votes/house/119-2/29
- H001058
Rep. Huizenga, Bill [R-MI-4]
Bill
Huizenga
R
MI
4
2026-01-15T05:00:00Z
House of Representatives
119
HR
House
H
2988

Protecting Prudent Investment of Retirement Savings Act
2026-01-17
6
- 2026-01-15
10:29:59
On agreeing to the Huizenga amendment (A002) Agreed to by the Yeas and Nays: 395 - 22 (Roll no. 29).
Floor
72000
9
Library of Congress
29
House
119
2026-01-15T15:29:59Z
2
https://clerk.house.gov/evs/2026/roll029.xml
- 2026-01-15
10:29:59
Floor
75000
9
Library of Congress
29
House
119
2026-01-15T15:29:59Z
2
https://clerk.house.gov/evs/2026/roll029.xml
- 2026-01-15
09:48:34
Amendment (A002) offered by Mr. Huizenga. (consideration: CR H903-905; text: CR H903)
Floor
71000
9
Library of Congress
- 2026-01-15
09:48:34
House Amendment Offered
Floor
71000
9
Library of Congress
- 2026-01-15
10:29:59
House amendment agreed to: On agreeing to the Huizenga amendment (A002) Agreed to by the Yeas and Nays: 395 - 22 (Roll no. 29).
Floor
72000
9
Library of Congress
29
House
119
2026-01-15T15:29:59Z
2
https://clerk.house.gov/evs/2026/roll029.xml
- 2026-01-15
10:29:59
Roll call votes on amendments in House
Floor
75000
9
Library of Congress
29
House
119
2026-01-15T15:29:59Z
2
https://clerk.house.gov/evs/2026/roll029.xml
151
119
HAMDT
Pursuant to the provisions of H. Res. 988, the amendment in the nature of a substitute recommended by the Committee on Education and Workforce is considered adopted.
2026-01-16T09:09:14Z
2026-01-15
On agreeing to the Rules amendment (A001) Agreed to without objection.
- Rules Committee
2026-01-15T05:00:00Z
House of Representatives
119
HR
House
H
2988

Protecting Prudent Investment of Retirement Savings Act
2026-01-17
4
- 2026-01-15
On agreeing to the Rules amendment (A001) Agreed to without objection.
72500
9
Library of Congress
- 2026-01-15
Amendment in the nature of a substitute reported by the House Committee on Rules.
NotUsed
71500
9
Library of Congress
  - hsru00
Rules Committee
- 2026-01-15
House amendment considered as adopted: On agreeing to the Rules amendment (A001) Agreed to without objection.
72500
9
Library of Congress
- 2026-01-15
House amendment offered/reported by: Amendment in the nature of a substitute reported by the House Committee on Rules.
NotUsed
71500
9
Library of Congress
  - hsru00
Rules Committee
- Reported in House
2025-12-30T05:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-119hr2988rh/xml/BILLS-119hr2988rh.xml
- Introduced in House
2025-04-24T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-119hr2988ih/xml/BILLS-119hr2988ih.xml
2026-01-15
Motion to reconsider laid on the table Agreed to without objection.
10:43:24
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
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