Failed in the House on January 15, 2026 · 206 Yea, 210 Nay, 15 Not Voting
Question: On Motion to Recommit: H R 2988 Protecting Prudent Investment of Retirement Savings Act
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 …