HR 2988
· 119th Congress
· Labor and Employment
Protecting Prudent Investment of Retirement Savings Act
Sponsor
Latest action
Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Action timeline
Every recorded action on this bill, newest first. Stage badges color-code the legislative path.
Jan 26, 2026
introduced
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, 2026
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)
Jan 15, 2026
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.
Jan 15, 2026
floor
DEBATE - The House proceeded with one hour of debate on H.R. 2988.
Jan 15, 2026
floor
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, 2026
floor
The previous question was ordered on the amendment and the bill pursuant to the rule.
Jan 15, 2026
floor
Ms. Kaptur moved to recommit to the Committee on Education and Workforce. (text: CR H905)
Education and Workforce Committee
Jan 15, 2026
floor
The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
Jan 15, 2026
floor
On motion to recommit Failed by the Yeas and Nays: 206 - 210 (Roll no. 30).
Education and Workforce Committee
Jan 15, 2026
passed
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31).
Jan 15, 2026
passed
On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31).
Jan 15, 2026
passed
Motion to reconsider laid on the table Agreed to without objection.
Jan 12, 2026
committee
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, 2025
committee
Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-421.
Education and Workforce Committee
Dec 30, 2025
other
Placed on the Union Calendar, Calendar No. 367.
Jun 25, 2025
committee
Committee Consideration and Mark-up Session Held
Education and Workforce Committee
Jun 25, 2025
committee
Ordered to be Reported (Amended) by the Yeas and Nays: 21 - 15.
Education and Workforce Committee
Apr 24, 2025
introduced
Introduced in House
Apr 24, 2025
introduced
Referred to the House Committee on Education and Workforce.
Education and Workforce Committee
Roll-call votes
Floor votes recorded on this bill.
Roll call #29 — On Agreeing to the Amendment
January 15, 2026 · Agreed to
395
Yea
22
Nay
14
Missed
D
186–22
(5 missed)
R
209–0
(9 missed)
view official roll-call →
Roll call #30 — On Motion to Recommit
January 15, 2026 · Failed
206
Yea
210
Nay
15
Missed
D
206–1
(6 missed)
R
0–209
(9 missed)
view official roll-call →
Roll call #31 — On Passage
January 15, 2026 · Passed
213
Yea
205
Nay
13
Missed
D
3–205
(5 missed)
R
210–0
(8 missed)
view official roll-call →
Text versions
Each stage of the bill — official text published by GPO. Click any format to read on congress.gov / govinfo.
CRS summaries
Plain-English summaries written by the Congressional Research Service — neutral, nonpartisan staff who summarize bills as they advance through stages. The authoritative description of what each version of the bill does.
07
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.
via Congressional Research Service · published through congress.gov
Changelog
ⓘ
How a bill moves through Congress. Each stage produces a new official text. The diff between them shows what changed at that step.
ih / is — Introduced in House / Senate. First filed version.rfh / rfs — Referred to a committee for review.rh / rs — Reported back by the committee to the floor (often with amendments — this is where most language changes happen).pcs / pch — Placed on Calendar for floor consideration.eh / es — Engrossed. Passed by the originating chamber. Text is now what was actually voted on.rdh / rds — Received by the other chamber.eah / eas — Engrossed Amendment. The other chamber passed an amended version.ath / ats — Agreed to. Both chambers settled on the same text.enr — Enrolled. Final reconciled text, sent to the President.pl — Public Law. Signed by the President. It's now law.pp — Public Print. Official printing post-enactment.
Most bills die before eh/es. Going from pcs → enr is the full path through both chambers.
ⓘ
How a bill moves through Congress. Each stage produces a new official text. The diff between them shows what changed at that step.
ih/is— Introduced in House / Senate. First filed version.rfh/rfs— Referred to a committee for review.rh/rs— Reported back by the committee to the floor (often with amendments — this is where most language changes happen).pcs/pch— Placed on Calendar for floor consideration.eh/es— Engrossed. Passed by the originating chamber. Text is now what was actually voted on.rdh/rds— Received by the other chamber.eah/eas— Engrossed Amendment. The other chamber passed an amended version.ath/ats— Agreed to. Both chambers settled on the same text.enr— Enrolled. Final reconciled text, sent to the President.pl— Public Law. Signed by the President. It's now law.pp— Public Print. Official printing post-enactment.
Most bills die before eh/es. Going from pcs → enr is the full path through both chambers.
Line-level diff between text versions of this bill — what actually changed at each legislative stage.
+15
−12
13 unchanged
--- Referred (Senate)
+++ Engrossed (House)
@@ -1,19 +1,11 @@
[From the U.S. Government Publishing Office]
-[H.R. 2988 Referred in Senate (RFS)]
+[H.R. 2988 Engrossed in House (EH)]
<DOC>
+
119th CONGRESS
2d Session
H. R. 2988
-
-_______________________________________________________________________
-
-IN THE SENATE OF THE UNITED STATES
-
-January 26 (legislative day, January 15), 2026
-
-Received; read twice and referred to the Committee on Health,
-Education, Labor, and Pensions
_______________________________________________________________________
@@ -368,6 +360,17 @@
Attest:
-KEVIN F. MCCUMBER,
-
Clerk.
+119th CONGRESS
+
+2d Session
+
+H. R. 2988
+
+_______________________________________________________________________
+
+AN ACT
+
+To amend the Employee Retirement Income Security Act of 1974 to specify
+requirements concerning the consideration of pecuniary and non-
+pecuniary factors, and for other purposes.
Lobbying activity
Organizations whose LDA filings reference this bill, ranked by filing count. Position not disclosed — LDA does not require lobbyists to report support / oppose / monitor. Bill-number references can be stale (lobbyists sometimes copy text year-over-year), so verify against the filing description.
4
filings · 2026 Q3
4
filings · 2026 Q3
4
filings · 2026 Q3
4
filings · 2026 Q3
INSURED RETIREMENT INSTITUTE
FINRETTAX
4
filings · 2026 Q3
3
filings · 2026 Q2
AFL-CIO
HCRRET
3
filings · 2026 Q3
2
filings · 2026 Q4
2
filings · 2025 Q3
2
filings · 2026 Q2
via Senate LDA · self-reported quarterly. Filing count = filings mentioning this bill (no position required), not money spent on it. Click a client to see all bills they've filed on.