HR. 2988In Committee
Protecting Prudent Investment of Retirement Savings Act
Modifies fiduciary rules for employer-sponsored retirement plans by prioritizing pecuniary investment factors, setting proxy voting duties, and requiring participant notices
Plain-English overview
What this bill does
Modifies fiduciary rules for employer-sponsored retirement plans by prioritizing pecuniary investment factors, setting proxy voting duties, and requiring participant notices
Key points
- Require pecuniary investment decisions
- Require participant investment notices
- Prohibit discriminatory fiduciary selection
- Allow limited nonpecuniary factors
Current status
Where it stands
Status
In Committee
Latest action
2026-01-26 — Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Related context
Topics and policy areas
undefinedBusiness ethicsEmployee benefits and pensionsFinancial services and investmentsLabor and Employment