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Protecting Retirement Savings: New Investment and Transparency Rules

This act modifies how retirement funds are managed, ensuring investment decisions prioritize participants' financial interests. It limits the consideration of non-financial factors and enhances transparency for retirement savers. The goal is to protect and maximize citizens' future retirement benefits.
Key points
Retirement fund managers must focus solely on investment returns and risks, avoiding non-financial objectives.
Service provider selection for retirement plans must be free from discrimination based on race, color, religion, sex, or national origin.
Rules for exercising shareholder rights in retirement funds must exclusively serve the financial interests of participants, not other goals.
Participants using 'brokerage windows' in retirement plans will receive clear warnings about potentially higher fees and risks.
article Official text account_balance Process page
VOTING RESULTS
2026-01-15
51%
For 213
Against 205
Abstain 0
Full voting results open_in_new
Passed House
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2988
Sponsor: Rep. Allen, Rick W. [R-GA-12]
Process start date: 2025-04-24
Voting date: 2026-01-15
Voting no: 31
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Protecting Prudent Investment of Retirement Savings Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2988.

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 2025-04-24.

What are the main provisions?

Key points include:

  • Retirement fund managers must focus solely on investment returns and risks, avoiding non-financial objectives.
  • Service provider selection for retirement plans must be free from discrimination based on race, color, religion, sex, or national origin.
  • Rules for exercising shareholder rights in retirement funds must exclusively serve the financial interests of participants, not other goals.
  • Participants using 'brokerage windows' in retirement plans will receive clear warnings about potentially higher fees and risks.
What is the specific legal status?

The current status is Passed House.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Allen, Rick W. [R-GA-12].

What is the latest detailed status?

The latest detailed status is: On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31).

Is this summary verified?

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

CATEGORIES

Benefits Economy