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Retirement Fund Managers Must Prioritize Financial Returns Over Nonpecuniary Goals

This Act amends ERISA, requiring retirement plan fiduciaries to base investment decisions strictly on pecuniary factors (risk and return). Managers are prohibited from sacrificing investment returns or taking on additional risk to promote nonpecuniary objectives, such as environmental or social goals. The legislation aims to ensure that retirement savings are managed solely for the financial benefit of participants.
Key points
Retirement fund managers must evaluate investments based only on factors expected to materially affect financial risk or return.
Fiduciaries cannot use retirement funds to promote non-financial, social, or political goals if it compromises participants' financial benefits.
The exercise of shareholder rights (like proxy voting) must be conducted solely in the economic interest of the plan participants.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_3086
Sponsor: Sen. Cassidy, Bill [R-LA]
Process start date: 2025-10-30
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Restoring Integrity in Fiduciary Duty Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_3086.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-10-30.

What are the main provisions?

Key points include:

  • Retirement fund managers must evaluate investments based only on factors expected to materially affect financial risk or return.
  • Fiduciaries cannot use retirement funds to promote non-financial, social, or political goals if it compromises participants' financial benefits.
  • The exercise of shareholder rights (like proxy voting) must be conducted solely in the economic interest of the plan participants.
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 Sen. Cassidy, Bill [R-LA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy Labor Benefits