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HR 2988 · in committee · significant

Protecting Prudent Investment of Retirement Savings Act

What this bill does

  • This bill changes rules for retirement plan managers on what factors they can consider when making investment decisions.
  • It affects employers offering retirement plans and the millions of workers whose savings are invested through these plans.
  • The bill takes effect upon enactment and requires fiduciaries to prioritize financial returns while restricting non-financial considerations.

Generated by claude-haiku-4-5

Community Threads

Started by Cosponsor

  1. 01

    How would restricting retirement plan managers from considering non-financial factors affect workers' long-term investment returns and portfolio risk?

  2. 02

    What types of non-financial considerations do plan managers currently use, and which ones would this bill eliminate from investment decisions?

  3. 03

    How might this bill's prioritization of financial returns impact employers' ability to align retirement investments with their company values or employee preferences?

Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · R-GA-12

Rick W. Allen

Citizen cosponsors

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In Congress

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House Reps cosponsoring

Introduced 2026-01-26

Legislative timeline

  1. 2026-01-26 · senate · IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

  2. 2026-01-15 · house · Floor

    Motion to reconsider laid on the table Agreed to without objection.

  3. 2026-01-15 · house · Floor

    On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31).

  4. 2026-01-15 · Floor

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31).

  5. 2026-01-15 · house · Floor

    On motion to recommit Failed by the Yeas and Nays: 206 - 210 (Roll no. 30).

  6. 2026-01-15 · house · Floor

    The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.

  7. 2026-01-15 · house · Floor

    Ms. Kaptur moved to recommit to the Committee on Education and Workforce. (text: CR H905)

  8. 2026-01-15 · house · Floor

    The previous question was ordered on the amendment and the bill pursuant to the rule.

  9. 2026-01-15 · house · Floor

    DEBATE - Pursuant to the provisions of H. Res. 988, the House proceeded with 10 minutes of debate on the Huizenga amendment No. 1.

  10. 2026-01-15 · house · Floor

    DEBATE - The House proceeded with one hour of debate on H.R. 2988.

  11. 2026-01-15 · house · Floor

    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.

  12. 2026-01-15 · house · Floor

    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)

  13. 2026-01-12 · house · Floor

    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.

  14. 2025-12-30 · house · Calendars

    Placed on the Union Calendar, Calendar No. 367.

  15. 2025-12-30 · house · Committee

    Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-421.

  16. 2025-12-30 · Committee

    Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-421.

  17. 2025-06-25 · house · Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 21 - 15.

  18. 2025-06-25 · house · Committee

    Committee Consideration and Mark-up Session Held

  19. 2025-04-24 · house · IntroReferral

    Referred to the House Committee on Education and Workforce.

  20. 2025-04-24 · IntroReferral

    Introduced in House

  21. 2025-04-24 · IntroReferral

    Introduced in House

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