3.0.029882026-02-03T09:09:12Z2026-02-03T09:09:12ZHouseHHR2025-04-24119https://www.congress.gov/bill/119th-congress/house-bill/2988<pre>[Congressional Record Volume 171, Number 69 (Thursday, April 24, 2025)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]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]</pre>sshr00Health, Education, Labor, and Pensions CommitteeSenateStandingReferred To2026-01-26T21:10:19Zhsed00Education and Workforce CommitteeHouseStandingUnknown2026-01-15T15:37:17ZUnknown2026-01-15T15:31:06ZReported By2025-12-30T19:11:43ZMarkup By2025-06-25T13:12:07ZReferred To2025-04-24T15:03:10ZH. Rept. 119-421Providing Complete Information to Retirement Investors Act1193083S2025-10-30Read twice and referred to the Committee on Health, Education, Labor, and Pensions.Related billCRSProviding 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 1938.119988HRES2026-01-13Motion to reconsider laid on the table Agreed to without objection.14:04:08Related billHouseProcedurally relatedHouseRetirement Proxy Protection Act1191996HR2025-03-10Referred to the House Committee on Education and Workforce.Related billCRS2026-01-26sshr00Health, Education, Labor, and Pensions CommitteeSenateReceived in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.IntroReferral2026-01-1510:43:24Motion to reconsider laid on the table Agreed to without objection.FloorH383102House floor actions2026-01-1510:43:22On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31).FloorH371002House floor actions31https://clerk.house.gov/evs/2026/roll031.xmlHouse1192026-01-15T15:43:22Z22026-01-1510:43:22Passed/agreed to in House: On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31).Floor80009Library of Congress31https://clerk.house.gov/evs/2026/roll031.xmlHouse1192026-01-15T15:43:22Z22026-01-1510:37:17On motion to recommit Failed by the Yeas and Nays: 206 - 210 (Roll no. 30).FloorH362102House floor actionshsed00Education and Workforce Committee30https://clerk.house.gov/evs/2026/roll030.xmlHouse1192026-01-15T15:37:17Z22026-01-1510:31:18The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.FloorH8A0002House floor actions2026-01-1510:31:06Ms. Kaptur moved to recommit to the Committee on Education and Workforce. (text: CR H905)FloorH362002House floor actionshsed00Education and Workforce Committee2026-01-1509:57:36The previous question was ordered on the amendment and the bill pursuant to the rule.FloorH350002House floor actions2026-01-1509:48:50DEBATE - Pursuant to the provisions of H. Res. 988, the House proceeded with 10 minutes of debate on the Huizenga amendment No. 1.FloorH8D0002House floor actions2026-01-1509:03:58DEBATE - The House proceeded with one hour of debate on H.R. 2988.FloorH8D0002House floor actions2026-01-1509:02:33Rule 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.FloorH8D0002House floor actions2026-01-1509:02:28Considered under the provisions of rule H. Res. 988. (consideration: CR H897-907; text of amendment in the nature of a substitute: CR H897-899)FloorH300002House floor actions2026-01-1218:48:32Rules 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.FloorH1L2102House floor actions2025-12-30Placed on the Union Calendar, Calendar No. 367.CalendarsH124102House floor actionsU003672025-12-30Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-421.CommitteeH122002House floor actionshsed00Education and Workforce Committee2025-12-30Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-421.Committee50009Library of Congresshsed00Education and Workforce Committee2025-06-25hsed00Education and Workforce Committee1House committee actionsOrdered to be Reported (Amended) by the Yeas and Nays: 21 - 15.Committee2025-06-25hsed00Education and Workforce Committee1House committee actionsCommittee Consideration and Mark-up Session HeldCommittee2025-04-24Referred to the House Committee on Education and Workforce.IntroReferralH111002House floor actionshsed00Education and Workforce Committee2025-04-24Introduced in HouseIntroReferralIntro-H9Library of Congress2025-04-24Introduced in HouseIntroReferral10009Library of CongressA000372Rep. Allen, Rick W. [R-GA-12]RickAllenRGAW.12N2025-09-29T19:03:00ZH.R. 2988, Protecting Prudent Investment of Retirement Savings Acthttps://www.cbo.gov/publication/61770As ordered reported by the House Committee on Education and Workforce on June 25, 2025Labor and EmploymentBusiness ethics2025-06-30T17:38:07ZEmployee benefits and pensions2025-06-30T17:38:07ZFinancial services and investments2025-06-30T17:38:07ZLabor and Employment2025-05-20T13:12:58Z072025-12-30Reported to House2026-01-12T19:24:12Z<p><strong>Protecting Prudent Investment of Retirement Savings Act</strong></p><p>This bill modifies the requirements for fiduciaries of employer-sponsored retirement plans.</p><p>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).</p><p>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.</p><p>The bill also prohibits a plan fiduciary from discriminating when selecting, monitoring, and retaining any fiduciary, counsel, employee, or service provider of the plan.</p><p>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.</p><p>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.</p>Protecting Prudent Investment of Retirement Savings ActShort Title(s) for portions of this bill from RFS (Referred to Senate) bill text256Increase Retirement Earnings Act2026-01-30T04:08:15ZSSenateReferred in SenateRFSShort Title(s) for portions of this bill from RFS (Referred to Senate) bill text256No Discrimination in My Benefits Act2026-01-30T04:08:15ZSSenateReferred in SenateRFSShort Title(s) for portions of this bill from RFS (Referred to Senate) bill text256Retirement Proxy Protection Act2026-01-30T04:08:15ZSSenateReferred in SenateRFSShort Title(s) for portions of this bill from RFS (Referred to Senate) bill text256Providing Complete Information to Retirement Investors Act2026-01-30T04:08:15ZSSenateReferred in SenateRFSShort Titles from RFS (Referred to Senate) bill text255Protecting Prudent Investment of Retirement Savings Act2026-01-30T04:08:15ZSSenateReferred in SenateRFSShort Title(s) as Passed House for portions of this bill109Increase Retirement Earnings Act2026-01-22T03:38:18ZHHouseEngrossed in HouseEHOfficial Titles from EH (Engrossed in House) bill text259To 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.2026-01-22T03:38:18ZHHouseEngrossed in HouseEHShort Title(s) as Passed House for portions of this bill109No Discrimination in My Benefits Act2026-01-22T03:38:18ZHHouseEngrossed in HouseEHShort Title(s) as Passed House104Protecting Prudent Investment of Retirement Savings Act2026-01-22T03:38:18ZHHouseEngrossed in HouseEHShort Title(s) as Passed House for portions of this bill109Providing Complete Information to Retirement Investors Act2026-01-22T03:38:18ZHHouseEngrossed in HouseEHShort Title(s) as Passed House for portions of this bill109Retirement Proxy Protection Act2026-01-22T03:38:18ZHHouseEngrossed in HouseEHShort Title(s) as Reported to House for portions of this bill107No Discrimination in My Benefits Act2025-12-31T03:38:15ZHHouseReported in HouseRHShort Title(s) as Reported to House for portions of this bill107Providing Complete Information to Retirement Investors Act2025-12-31T03:38:15ZHHouseReported in HouseRHShort Title(s) as Reported to House for portions of this bill107Retirement Proxy Protection Act2025-12-31T03:38:15ZHHouseReported in HouseRHShort Title(s) as Reported to House for portions of this bill107Increase Retirement Earnings Act2025-12-31T03:38:15ZHHouseReported in HouseRHShort Title(s) as Reported to House102Protecting Prudent Investment of Retirement Savings Act2025-12-31T03:38:15ZHHouseReported in HouseRHDisplay Title45Protecting Prudent Investment of Retirement Savings Act2025-05-07T04:23:19ZShort Title(s) as Introduced for portions of this bill106Increase Retirement Earnings Act2025-05-07T04:23:17ZIntroduced in HouseIHShort Title(s) as Introduced for portions of this bill106No Discrimination in My Benefits Act2025-05-07T04:23:17ZIntroduced in HouseIHShort Title(s) as Introduced for portions of this bill106Providing Complete Information to Retirement Investors Act2025-05-07T04:23:17ZIntroduced in HouseIHShort Title(s) as Introduced for portions of this bill106Retirement Proxy Protection Act2025-05-07T04:23:17ZIntroduced in HouseIHShort Title(s) as Introduced101Protecting Prudent Investment of Retirement Savings Act2025-05-07T04:23:17ZIntroduced in HouseIHOfficial Title as Introduced6To 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.2025-05-07T04:18:32ZIntroduced in HouseIH152119HAMDTAn 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.Amendment requires the Government Accountability Office to publish a study on brokerage accounts.2026-02-03T09:09:12Z2026-01-15On agreeing to the Huizenga amendment (A002) Agreed to by the Yeas and Nays: 395 - 22 (Roll no. 29).10:29:59Roll no. 29https://www.congress.gov/votes/house/119-2/29H001058Rep. Huizenga, Bill [R-MI-4]BillHuizengaRMI42026-01-15T05:00:00ZHouse of Representatives119HRHouseH2988Protecting Prudent Investment of Retirement Savings Act2026-02-0362026-01-1510:29:59On agreeing to the Huizenga amendment (A002) Agreed to by the Yeas and Nays: 395 - 22 (Roll no. 29).Floor720009Library of Congress29House1192026-01-15T15:29:59Z2https://clerk.house.gov/evs/2026/roll029.xml2026-01-1510:29:59Floor750009Library of Congress29House1192026-01-15T15:29:59Z2https://clerk.house.gov/evs/2026/roll029.xml2026-01-1509:48:34Amendment (A002) offered by Mr. Huizenga. (consideration: CR H903-905; text: CR H903)Floor710009Library of Congress2026-01-1509:48:34House Amendment OfferedFloor710009Library of Congress2026-01-1510:29:59House amendment agreed to: On agreeing to the Huizenga amendment (A002) Agreed to by the Yeas and Nays: 395 - 22 (Roll no. 29).Floor720009Library of Congress29House1192026-01-15T15:29:59Z2https://clerk.house.gov/evs/2026/roll029.xml2026-01-1510:29:59Roll call votes on amendments in HouseFloor750009Library of Congress29House1192026-01-15T15:29:59Z2https://clerk.house.gov/evs/2026/roll029.xml151119HAMDTPursuant 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.2026-01-16T09:09:14Z2026-01-15On agreeing to the Rules amendment (A001) Agreed to without objection.Rules Committee2026-01-15T05:00:00ZHouse of Representatives119HRHouseH2988Protecting Prudent Investment of Retirement Savings Act2026-02-0342026-01-15On agreeing to the Rules amendment (A001) Agreed to without objection.725009Library of Congress2026-01-15Amendment in the nature of a substitute reported by the House Committee on Rules.NotUsed715009Library of Congresshsru00Rules Committee2026-01-15House amendment considered as adopted: On agreeing to the Rules amendment (A001) Agreed to without objection.725009Library of Congress2026-01-15House amendment offered/reported by: Amendment in the nature of a substitute reported by the House Committee on Rules.NotUsed715009Library of Congresshsru00Rules CommitteeReferred in Senate2026-01-26T05:00:00Zhttps://www.govinfo.gov/content/pkg/BILLS-119hr2988rfs/xml/BILLS-119hr2988rfs.xmlEngrossed in House2026-01-15T05:00:00Zhttps://www.govinfo.gov/content/pkg/BILLS-119hr2988eh/xml/BILLS-119hr2988eh.xmlReported in House2025-12-30T05:00:00Zhttps://www.govinfo.gov/content/pkg/BILLS-119hr2988rh/xml/BILLS-119hr2988rh.xmlIntroduced in House2025-04-24T04:00:00Zhttps://www.govinfo.gov/content/pkg/BILLS-119hr2988ih/xml/BILLS-119hr2988ih.xml2026-01-26Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.text/xmlENPursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.Congressional Research Service, Library of CongressThis file contains bill summaries and statuses for federal legislation. 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