Protecting Prudent Investment of Retirement Savings Act

Summary

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.

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Passed one of the two chambers; it still needs the other.

House Committee on Education and Workforce · U.S. House of Representatives

Your position on this bill

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Recorded votes

• Vote: On Motion to Recommit

  U.S. HouseJan 15, 2026Result: Failed

  Voted yes (206)Voted no (210)Voted present (0)Absent (15)

  See member positions for the vote on Jan 15, 2026 (On Motion to Recommit)

• Vote: On Passage

  U.S. HouseJan 15, 2026Result: Passed

  Voted yes (213)Voted no (205)Voted present (0)Absent (13)

  See member positions for the vote on Jan 15, 2026 (On Passage)

Related bills

• H.R. 1996Retirement Proxy Protection ActRelated bill
• S. 3083Providing Complete Information to Retirement Investors ActRelated bill
• H.Res. 988Providing 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.Related bill, procedurally related

As identified by Congress.gov.

Full history

1. Jan 26, 2026

   In committee

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

   U.S. House

2. Jan 26, 2026

   Sent to the executive

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

   U.S. Senate

3. Jan 15, 2026

   Debate - Pursuant to the Provisions of H. Res. 988, the House Proceeded With 10 Minutes of Debate on the Huizenga Amendment No. 1.

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

   U.S. House of Representatives

4. Jan 15, 2026

   Passed a chamber

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

5. Jan 15, 2026

   Passed a chamber

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

Read the record

• Read on Congress.gov (opens in a new tab) The official record on Congress.gov.