Retirement Proxy Protection Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 3
- Latest action
- Mar 10, 2025
What it does
The Retirement Proxy Protection Act would amend the Employee Retirement Income Security Act of 1974 to clarify that fiduciaries managing retirement plan assets that include stocks must exercise shareholder rights—such as voting proxies—prudently and solely in the financial interests of plan participants and beneficiaries, without subordinating those interests to non-pecuniary goals. The bill requires fiduciaries to consider economic impacts, costs, and material facts when exercising shareholder rights, maintain records of such activities, and prudently monitor any delegated advisors or investment managers handling proxy voting. It also allows fiduciaries to adopt safe harbor proxy voting…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.