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119th Congress Labor and Employment

H.R. 2988: Protecting Prudent Investment of Retirement Savings Act

Passed HouseJan 15, 2026

  1. Introduced (completed)Apr 24, 2025
  2. Passed House (completed)Jan 15, 2026, 213–205
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Reported to House, Dec 30, 2025

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.

Read the full summary

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.

Written by the Congressional Research Service, Library of Congress.

Key votes

House final vote, Jan 15, 2026

On Passage

Passed 213–205

Yea 213majority 210Nay 205

  • Democrats3 yea, 205 nay
  • Republicans209 yea, 0 nay
  • Independents1 yea, 0 nay

Broke with their party: Adam Gray (D-CA), André Carson (D-IN) and Henry Cuellar (D-TX) voted Yea

See how all 418 members voted

Showing 431 of 431 members

Yea 213

Republicans (209)

Democrats (3) broke with their party

Independents (1)

Nay 205

Democrats (205)

Not voting 13

Senate

Not yet voted

Passed the House Jan 15, 2026. Awaiting Senate action.

Roll calls

3 votes on this bill

Showing 3 of 3 roll calls

  • Jan 15, 2026HouseOn PassageFinal passagePassed, yea-nay 213–205
    Roll call 31 tally by party
    PartyYeaNayPresentNot voting
    Democrats320505
    Republicans209008
    Independents1000
    Total213205013

    House roll call 31: On Passage. Passed.

    3 crossed party lines: 3 Democrats

    How each member voted (431)
  • Jan 15, 2026HouseMotion to recommitFailed, yea-nay 206–210
    Roll call 30 tally by party
    PartyYeaNayPresentNot voting
    Democrats206106
    Republicans020809
    Independents0100
    Total206210015

    House roll call 30: On Motion to Recommit. Failed.

    1 crossed party lines: 1 Democrat

    How each member voted (431)
  • Jan 15, 2026HouseH.Amdt. 152, HuizengaAgreed, yea-nay 395–22
    Roll call 29 tally by party
    PartyYeaNayPresentNot voting
    Democrats1862205
    Republicans208009
    Independents1000
    Total39522014

    House roll call 29: On Agreeing to the Amendment. Agreed to.

    Amendment by Bill Huizenga (R-MI)

    22 crossed party lines: 22 Democrats

    How each member voted (431)

Amendments

1 offered

Showing 1 of 1 amendments

  • H.Amdt. 152Bill Huizenga R-MIAgreedJan 15, 2026Jan 15, 2026: On agreeing to the Huizenga amendment (A002) Agreed to by the Yeas and Nays: 395 - 22 (Roll no. 29).

Who scored on this bill

240 points earned
  1. 1Rick Allen R-GA SponsorIntroduced, marked up, reported, passed House4 events+62
  2. 2Bill Huizenga R-MI1 amendment offered, 1 agreed2 events+22
  3. 3André Carson D-IN1 maverick vote1 event+6
  4. 3Sean Casten D-IL1 maverick vote1 event+6
  5. 3Joaquin Castro D-TX1 maverick vote1 event+6
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. Jan 15, 2026Passed the House, 213–205.
  2. Apr 24, 2025Introduced in the House by Rick Allen.
Show the full action history (19 actions)
  1. Jan 26, 2026Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
  2. Jan 15, 2026Considered under the provisions of rule H. Res. 988. (consideration: CR H897-907; text of amendment in the nature of a substitute: CR H897-899)
  3. Jan 15, 2026Rule 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.
  4. Jan 15, 2026DEBATE - The House proceeded with one hour of debate on H.R. 2988.
  5. Jan 15, 2026DEBATE - Pursuant to the provisions of H. Res. 988, the House proceeded with 10 minutes of debate on the Huizenga amendment No. 1.
  6. Jan 15, 2026The previous question was ordered on the amendment and the bill pursuant to the rule.
  7. Jan 15, 2026Ms. Kaptur moved to recommit to the Committee on Education and Workforce. (text: CR H905)
  8. Jan 15, 2026The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
  9. Jan 15, 2026On motion to recommit Failed by the Yeas and Nays: 206 - 210 (Roll no. 30).
  10. Jan 15, 2026Passed/agreed to in House: On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31).
  11. Jan 15, 2026On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31).
  12. Jan 15, 2026Motion to reconsider laid on the table Agreed to without objection.
  13. Jan 12, 2026Rules 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. Dec 30, 2025Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-421.
  15. Dec 30, 2025Placed on the Union Calendar, Calendar No. 367.
  16. Jun 25, 2025Committee Consideration and Mark-up Session Held
  17. Jun 25, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 21 - 15.
  18. Apr 24, 2025Introduced in House
  19. Apr 24, 2025Referred to the House Committee on Education and Workforce.