Protecting Prudent Investment of Retirement Savings Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary reported to house (Dec 30, 2025)
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.
What just happenedJan 26, 2026
Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Who’s behind it
- Referred in SenateJan 26, 2026
- Engrossed in HouseJan 15, 2026
- Reported in HouseDec 30, 2025
- Introduced in HouseApr 24, 2025
- Jan 26, 2026IntroReferral
Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Health, Education, Labor, and Pensions Committee - Jan 15, 2026FloorH38310
Motion to reconsider laid on the table Agreed to without objection.
- Jan 15, 2026FloorH37100
On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31).
- Jan 15, 2026Floor8000
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31).
- Jan 15, 2026FloorH36210
On motion to recommit Failed by the Yeas and Nays: 206 - 210 (Roll no. 30).
Education and Workforce Committee - Jan 15, 2026FloorH8A000
The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
- Jan 15, 2026FloorH36200
Ms. Kaptur moved to recommit to the Committee on Education and Workforce. (text: CR H905)
Education and Workforce Committee - Jan 15, 2026FloorH35000
The previous question was ordered on the amendment and the bill pursuant to the rule.
- Jan 15, 2026FloorH8D000
DEBATE - Pursuant to the provisions of H. Res. 988, the House proceeded with 10 minutes of debate on the Huizenga amendment No. 1.
- Jan 15, 2026FloorH8D000
DEBATE - The House proceeded with one hour of debate on H.R. 2988.
- Jan 15, 2026FloorH8D000
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.
- Jan 15, 2026FloorH30000
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)
- Jan 12, 2026FloorH1L210
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.
- Dec 30, 2025CalendarsH12410
Placed on the Union Calendar, Calendar No. 367.
- Dec 30, 2025CommitteeH12200
Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-421.
Education and Workforce Committee - Dec 30, 2025Committee5000
Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-421.
Education and Workforce Committee - Jun 25, 2025CommitteeH19000
Ordered to be Reported (Amended) by the Yeas and Nays: 21 - 15.
Education and Workforce Committee - Jun 25, 2025CommitteeH15001
Committee Consideration and Mark-up Session Held
Education and Workforce Committee - Apr 24, 2025IntroReferralH11100
Referred to the House Committee on Education and Workforce.
Education and Workforce Committee - Apr 24, 2025IntroReferralIntro-H
Introduced in House
- Apr 24, 2025IntroReferral1000
Introduced in House