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Retirement Protection: New Rules for Shareholder Voting in Funds

New rules aim to ensure that retirement fund managers make decisions on shareholder voting solely in the financial interest of participants. This means your retirement savings will be protected from being used for non-profit purposes, and managers will need to document their decisions. The changes will take effect on January 1, 2026.
Key points
Retirement fund managers must vote shares only for your financial benefit.
Prohibition on using your retirement money for non-financial objectives, such as social or political goals.
Managers must keep records of their shareholder voting decisions.
Possibility to adopt a policy that allows not voting on matters with little impact on investment value.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1996
Sponsor: Rep. Houchin, Erin [R-IN-9]
Process start date: 2025-03-10
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Retirement Proxy Protection Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1996.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-03-10.

What are the main provisions?

Key points include:

  • Retirement fund managers must vote shares only for your financial benefit.
  • Prohibition on using your retirement money for non-financial objectives, such as social or political goals.
  • Managers must keep records of their shareholder voting decisions.
  • Possibility to adopt a policy that allows not voting on matters with little impact on investment value.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Houchin, Erin [R-IN-9].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and Workforce.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Labor Economy