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Protecting Prudent Investment of Retirement Savings Act

Passed first chamber: it can still change before the session ends.

US HR 2988 · House Bill · 119th Congress

Draft a letter
Stage
Passed first chamber
Started in
House
Sponsor
1
Latest action
Jan 26, 2026

What it does

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…

Official summary · Reported to House · Dec 30, 2025

Titles and provisions can change as the bill moves.

Read the full textRead it on the official site

Where it stands

  1. Introduced (Done)

    Apr 24, 2025

  2. Committee (Done)

  3. Floor (Current step)

    Passed first chamber · Jan 26, 2026

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

Where it goes next

While a bill can still move, the questions are about people and money.

Work with this bill

Protecting Prudent Investment of Retirement Savings Act | 52