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H.R. 2988Passed House

Protecting Prudent Investment of Retirement Savings Act

Introduced: Apr 24, 2025

Latest action date: Jan 26, 2026

Latest development

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

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Congress
119th Congress
Introduced
Apr 24, 2025
Recorded roll calls
3

Status detail: The full action history records passage in the House.

Plain-language overview

What this bill does

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.

Official summary from Congress.gov.

Civixly topics

What this legislation is about

Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.

Official CRS policy area

Labor and Employment

View 3 official legislative subjects
Business ethicsEmployee benefits and pensionsFinancial services and investments

Committee activity

Committees and subcommittees that received, reviewed, marked up, or reported this legislation.

houseStanding

Education and Workforce Committee

Official committee record ↗
  1. Referred To
  2. Markup By
  3. Reported By
  4. Unknown
  5. Unknown

Amendments

Proposed changes to this measure, with their latest official outcome or action from Congress.gov.

View amendments2 amendments
H.Amdt. 152houseAgreed toJan 15, 2026

Amendment requires the Government Accountability Office to publish a study on brokerage accounts.

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.

Latest action: On agreeing to the Huizenga amendment (A002) Agreed to by the Yeas and Nays: 395 - 22 (Roll no. 29).

Congress.gov ↗
H.Amdt. 151houseAgreed toJan 15, 2026

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.

Latest action: On agreeing to the Rules amendment (A001) Agreed to without objection.

Congress.gov ↗

Checked against Congress.gov Oct 16, 2026.

Action timeline

Newest action first. Action language comes from the official Congress.gov record.

View full action timeline21 actions
  1. Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

    IntroReferralSenate
  2. Motion to reconsider laid on the table Agreed to without objection.

    FloorHouse floor actions
  3. Passed/agreed to in House: On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31).

    FloorLibrary of Congress
  4. On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31).

    FloorHouse floor actions
  5. On motion to recommit Failed by the Yeas and Nays: 206 - 210 (Roll no. 30).

    FloorHouse floor actions
  6. The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.

    FloorHouse floor actions
  7. Ms. Kaptur moved to recommit to the Committee on Education and Workforce. (text: CR H905)

    FloorHouse floor actions
  8. The previous question was ordered on the amendment and the bill pursuant to the rule.

    FloorHouse floor actions
  9. DEBATE - Pursuant to the provisions of H. Res. 988, the House proceeded with 10 minutes of debate on the Huizenga amendment No. 1.

    FloorHouse floor actions
  10. DEBATE - The House proceeded with one hour of debate on H.R. 2988.

    FloorHouse floor actions
  11. 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.

    FloorHouse floor actions
  12. 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)

    FloorHouse floor actions
  13. 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.

    FloorHouse floor actions
  14. Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-421.

    CommitteeHouse floor actions
  15. Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-421.

    CommitteeLibrary of Congress
  16. Placed on the Union Calendar, Calendar No. 367.

    CalendarsHouse floor actions
  17. Ordered to be Reported (Amended) by the Yeas and Nays: 21 - 15.

    CommitteeHouse committee actions
  18. Committee Consideration and Mark-up Session Held

    CommitteeHouse committee actions
  19. Referred to the House Committee on Education and Workforce.

    IntroReferralHouse floor actions
  20. Introduced in House

    IntroReferralLibrary of Congress
  21. Introduced in House

    IntroReferralLibrary of Congress

Roll-call votes

Recorded House and Senate votes connected to this bill. Your representatives appear first when available.

Agreed toJan 15, 2026House · Roll call 29

On Agreeing to the Amendment

395 Yea22 Nay14 Not Voting
View 431 recorded positions
David ScottYea
Donald NorcrossNot Voting
Eric SwalwellNot Voting
Greg CasarNot Voting
James R. BairdNot Voting
Kathy CastorNot Voting
Nancy MaceNot Voting
Ralph NormanNot Voting
Seth MoultonNot Voting
Sheila Cherfilus-McCormickYea
Steve WomackNot Voting
Tony GonzalesYea
Troy E. NehlsNot Voting
Wesley HuntNot Voting
FailedJan 15, 2026House · Roll call 30

On Motion to Recommit

210 Nay206 Yea15 Not Voting
View 431 recorded positions
David ScottYea
Donald NorcrossNot Voting
Eric SwalwellNot Voting
Greg CasarNot Voting
James R. BairdNot Voting
Kathy CastorNot Voting
Marc A. VeaseyNot Voting
Nancy MaceNot Voting
Ralph NormanNot Voting
Seth MoultonNot Voting
Sheila Cherfilus-McCormickYea
Steve WomackNot Voting
Tony GonzalesNay
Troy E. NehlsNot Voting
Wesley HuntNot Voting
PassedJan 15, 2026House · Roll call 31

On Passage

213 Yea205 Nay13 Not Voting
View 431 recorded positions
David ScottNay
Donald NorcrossNot Voting
Eric SwalwellNot Voting
Greg CasarNot Voting
James R. BairdNot Voting
Kathy CastorNot Voting
Nancy MaceNot Voting
Ralph NormanNot Voting
Seth MoultonNot Voting
Sheila Cherfilus-McCormickNay
Steve WomackNot Voting
Tony GonzalesYea
Troy E. NehlsNot Voting
Wesley HuntNot Voting

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Sources: Congress.gov and official House and Senate vote records.

View data freshness details

Base metadata check pending · Civixly summary check pending · Action timeline checked Oct 16, 2026 · Complete sponsorship check pending · Topics checked Oct 16, 2026 · Committees checked Oct 16, 2026 · Status checked Oct 16, 2026 · Related bills checked Oct 16, 2026.