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118th Congress Labor and Employment

H.R. 5339: Protecting Americans’ Investments from Woke Policies Act

Passed HouseSep 18, 2024

  1. Introduced (completed)Sep 5, 2023
  2. Passed House (completed)Sep 18, 2024, 217–206
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Reported to House, Sep 26, 2023

This bill generally requires fiduciaries of employer-sponsored retirement plans to make investment decisions based only 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.

Written by the Congressional Research Service, Library of Congress.

Key votes

House final vote, Sep 18, 2024

On Passage

Passed 217–206

Yea 217majority 212Nay 206

  • Democrats3 yea, 206 nay
  • Republicans213 yea, 0 nay
  • Independents1 yea, 0 nay

Broke with their party: Mary Peltola (D-AK), Marie Gluesenkamp Perez (D-WA) and Jared Golden (D-ME) voted Yea

See how all 423 members voted

Showing 431 of 431 members

Yea 217

Republicans (213)

Democrats (3) broke with their party

Independents (1)

Nay 206

Democrats (206)

Not voting 8

Democrats (2)

Senate

Not yet voted

Passed the House Sep 18, 2024. Awaiting Senate action.

Roll calls

2 votes on this bill

Showing 2 of 2 roll calls

  • Sep 18, 2024HouseOn PassageFinal passagePassed, yea-nay 217–206
    Roll call 427 tally by party
    PartyYeaNayPresentNot voting
    Democrats320602
    Republicans213006
    Independents1000
    Total21720608

    House roll call 427: On Passage. Passed.

    3 crossed party lines: 3 Democrats

    How each member voted (431)
  • Sep 18, 2024HouseMotion to recommitFailed, yea-nay 206–213
    Roll call 426 tally by party
    PartyYeaNayPresentNot voting
    Democrats206005
    Republicans021206
    Independents0100
    Total206213011

    House roll call 426: On Motion to Recommit. Failed.

    How each member voted (430)

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

1

Who scored on this bill

72 points earned
  1. 1Rick Allen R-GA SponsorIntroduced, reported, passed House3 events+50
  2. 2Marie Gluesenkamp Perez D-WA1 maverick vote1 event+6
  3. 2Jared Golden D-ME1 maverick vote1 event+6
  4. 2Mary Peltola D-AK1 maverick vote1 event+6
  5. 5Erin Houchin R-INCosponsored; cosponsored bill passed2 events+4
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Rick Allen

History

  1. Sep 18, 2024Passed the House, 217–206.
  2. Sep 5, 2023Introduced in the House by Rick Allen.
Show the full action history (22 actions)
  1. Sep 19, 2024Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Sep 18, 2024Considered under the provisions of rule H. Res. 1455. (consideration: CR H5343-5350)
  3. Sep 18, 2024Rule provides for consideration of H.R. 3724, H.R. 4790, H.R. 5179, H.R. 5339, H.R. 5717, H.R. 7909 and H.J. Res. 136. The resolution provides for consideration of H.R. 3724 and H.R. 5717 under a structured rule and H.R. 4790, H.R. 5179, H.R. 5339, H.R. 7909, and H.J. Res. 136 under a closed rule. The resolution provides for one hour of general debate and one motion to recommit on each measure.
  4. Sep 18, 2024DEBATE - The House proceeded with one hour of debate on H.R. 5339.
  5. Sep 18, 2024WORDS TAKEN DOWN - During the course of debate, exception was taken to certain words used and a demand was made to have the words taken down. Subsequently, the objection was withdrawn.
  6. Sep 18, 2024DEBATE - The House resumed debate on H.R. 5339.
  7. Sep 18, 2024The previous question was ordered pursuant to the rule.
  8. Sep 18, 2024Mr. Kildee moved to recommit to the Committee on Education and the Workforce. (text: CR H5349-5350)
  9. Sep 18, 2024The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
  10. Sep 18, 2024POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 5339, the Chair put the question on the motion to recommit and by voice vote announced that the noes had prevailed. Mr. Kildee demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
  11. Sep 18, 2024Considered as unfinished business. (consideration: CR H5370-5372)
  12. Sep 18, 2024On motion to recommit Failed by the Yeas and Nays: 206 - 213 (Roll no. 426).
  13. Sep 18, 2024Passed/agreed to in House: On passage Passed by the Yeas and Nays: 217 - 206 (Roll no. 427). (text of amendment in the nature of a substitute: CR H5343-5345)
  14. Sep 18, 2024On passage Passed by the Yeas and Nays: 217 - 206 (Roll no. 427). (text of amendment in the nature of a substitute: CR H5343-5345)
  15. Sep 18, 2024Motion to reconsider laid on the table Agreed to without objection.
  16. Sep 17, 2024Rules Committee Resolution H. Res. 1455 Reported to House. Rule provides for consideration of H.R. 3724, H.R. 4790, H.R. 5179, H.R. 5339, H.R. 5717, H.R. 7909 and H.J. Res. 136. The resolution provides for consideration of H.R. 3724 and H.R. 5717 under a structured rule and H.R. 4790, H.R. 5179, H.R. 5339, H.R. 7909, and H.J. Res. 136 under a closed rule. The resolution provides for one hour of general debate and one motion to recommit on each measure.
  17. Sep 26, 2023Reported (Amended) by the Committee on Education and the Workforce. H. Rept. 118-225.
  18. Sep 26, 2023Placed on the Union Calendar, Calendar No. 184.
  19. Sep 14, 2023Committee Consideration and Mark-up Session Held
  20. Sep 14, 2023Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 19.
  21. Sep 5, 2023Introduced in House
  22. Sep 5, 2023Referred to the House Committee on Education and the Workforce.