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HR 2988 119th Congress

Protecting Prudent Investment of Retirement Savings 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.

Official Title as Introduced Congress.gov

Introduced Apr 24, 2025 Latest action Jan 26, 2026 Sponsor: Rep. Allen, Rick W. [R-GA-12] Labor and Employment
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Source: Congress.govUpdated 2026-08-03 11:15:40 UTC.

Source-linked procedural record

Bill journey

31 dated records

This is a chronology, not a progress score. Politically.com does not classify stages or infer what comes next. Records sharing a date are grouped because not every source field supplies a time.

Congress.gov Recently refreshed U.S. Senate XML Recently refreshed
Introduction 1 One supplied introduction date.
Official actions 21 21 dated action records.
Committees 2 2 undated relationships.
Amendments 2 2 dated, 0 without a supplied date.
Text versions 4 4 dated, 0 without a supplied date.
House roll calls 3 3 exact-key matchs.
Senate roll calls 0 No exact document-key match in the Senate-vote cache.
Related measures 3 3 undated relationships.
Linked law 0 No linked law record is cached; this does not predict outcome.

  1. Official action Congress.gov

    Referred to the House Committee on Education and Workforce.

    IntroReferral · House floor actions · Code H11100

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    Official action Congress.gov

    Introduced in House

    IntroReferral · Library of Congress · Code Intro-H

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    Official action Congress.gov

    Introduced in House

    IntroReferral · Library of Congress · Code 1000

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    Text version Congress.gov

    Introduced in House

    A dated text-version record is available.

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  2. Official action Congress.gov

    Ordered to be Reported (Amended) by the Yeas and Nays: 21 - 15.

    Committee · House committee actions · Code H19000

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    Official action Congress.gov

    Committee Consideration and Mark-up Session Held

    Committee · House committee actions · Code H15001

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  3. Official action Congress.gov

    Placed on the Union Calendar, Calendar No. 367.

    Calendars · House floor actions · Code H12410

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    Official action Congress.gov

    Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-421.

    Committee · House floor actions · Code H12200

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    Official action Congress.gov

    Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-421.

    Committee · Library of Congress · Code 5000

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    Text version Congress.gov

    Reported in House

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  4. Official action Congress.gov · 6:48 pm UTC

    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.

    Floor · House floor actions · Code H1L210

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  5. Text version Congress.gov

    Engrossed in House

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    Amendment Congress.gov

    HAMDT 151

    On agreeing to the Rules amendment (A001) Agreed to without objection.

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    Amendment Congress.gov

    HAMDT 152

    On agreeing to the Huizenga amendment (A002) Agreed to by the Yeas and Nays: 395 - 22 (Roll no. 29).

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    Official action Congress.gov · 9:02 am UTC

    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)

    Floor · House floor actions · Code H30000

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    Official action Congress.gov · 9:02 am UTC

    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.

    Floor · House floor actions · Code H8D000

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    Official action Congress.gov · 9:03 am UTC

    DEBATE - The House proceeded with one hour of debate on H.R. 2988.

    Floor · House floor actions · Code H8D000

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    Official action Congress.gov · 9:48 am UTC

    DEBATE - Pursuant to the provisions of H. Res. 988, the House proceeded with 10 minutes of debate on the Huizenga amendment No. 1.

    Floor · House floor actions · Code H8D000

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    Official action Congress.gov · 9:57 am UTC

    The previous question was ordered on the amendment and the bill pursuant to the rule.

    Floor · House floor actions · Code H35000

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    Official action Congress.gov · 10:31 am UTC

    Ms. Kaptur moved to recommit to the Committee on Education and Workforce. (text: CR H905)

    Floor · House floor actions · Code H36200

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    Official action Congress.gov · 10:31 am UTC

    The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.

    Floor · House floor actions · Code H8A000

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    Official action Congress.gov · 10:37 am UTC

    On motion to recommit Failed by the Yeas and Nays: 206 - 210 (Roll no. 30).

    Floor · House floor actions · Code H36210

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    Official action Congress.gov · 10:43 am UTC

    On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31).

    Floor · House floor actions · Code H37100

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    Official action Congress.gov · 10:43 am UTC

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31).

    Floor · Library of Congress · Code 8000

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    Official action Congress.gov · 10:43 am UTC

    Motion to reconsider laid on the table Agreed to without objection.

    Floor · House floor actions · Code H38310

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    House roll call Congress.gov · 3:29 pm UTC

    House roll 29

    On Agreeing to the Amendment

    Agreed to

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  6. Official action Congress.gov

    Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

    IntroReferral · Senate

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    Text version Congress.gov

    Referred in Senate

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View the complete bill journey as an accessible table
Every dated cached record linked to HR 2988. Same-date row order does not assert procedural sequence.
Date and timeRecordOfficial detailSource
IntroductionIntroduced Introduced in the House. Congress.gov
Official actionReferred to the House Committee on Education and Workforce. No additional detail supplied.IntroReferral · House floor actions · Code H11100 Congress.gov
Official actionIntroduced in House No additional detail supplied.IntroReferral · Library of Congress · Code Intro-H Congress.gov
Official actionIntroduced in House No additional detail supplied.IntroReferral · Library of Congress · Code 1000 Congress.gov
Text versionIntroduced in House A dated text-version record is available. Congress.gov
Official actionOrdered to be Reported (Amended) by the Yeas and Nays: 21 - 15. No additional detail supplied.Committee · House committee actions · Code H19000 Congress.gov
Official actionCommittee Consideration and Mark-up Session Held No additional detail supplied.Committee · House committee actions · Code H15001 Congress.gov
Official actionPlaced on the Union Calendar, Calendar No. 367. No additional detail supplied.Calendars · House floor actions · Code H12410 Congress.gov
Official actionReported (Amended) by the Committee on Education and Workforce. H. Rept. 119-421. No additional detail supplied.Committee · House floor actions · Code H12200 Congress.gov
Official actionReported (Amended) by the Committee on Education and Workforce. H. Rept. 119-421. No additional detail supplied.Committee · Library of Congress · Code 5000 Congress.gov
Text versionReported in House A dated text-version record is available. Congress.gov
Official actionRules 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. No additional detail supplied.Floor · House floor actions · Code H1L210 Congress.gov
Text versionEngrossed in House A dated text-version record is available. Congress.gov
AmendmentHAMDT 151 On agreeing to the Rules amendment (A001) Agreed to without objection. Congress.gov
AmendmentHAMDT 152 On agreeing to the Huizenga amendment (A002) Agreed to by the Yeas and Nays: 395 - 22 (Roll no. 29). Congress.gov
Official actionConsidered under the provisions of rule H. Res. 988. (consideration: CR H897-907; text of amendment in the nature of a substitute: CR H897-899) No additional detail supplied.Floor · House floor actions · Code H30000 Congress.gov
Official actionRule 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. No additional detail supplied.Floor · House floor actions · Code H8D000 Congress.gov
Official actionDEBATE - The House proceeded with one hour of debate on H.R. 2988. No additional detail supplied.Floor · House floor actions · Code H8D000 Congress.gov
Official actionDEBATE - Pursuant to the provisions of H. Res. 988, the House proceeded with 10 minutes of debate on the Huizenga amendment No. 1. No additional detail supplied.Floor · House floor actions · Code H8D000 Congress.gov
Official actionThe previous question was ordered on the amendment and the bill pursuant to the rule. No additional detail supplied.Floor · House floor actions · Code H35000 Congress.gov
Official actionMs. Kaptur moved to recommit to the Committee on Education and Workforce. (text: CR H905) No additional detail supplied.Floor · House floor actions · Code H36200 Congress.gov
Official actionThe previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX. No additional detail supplied.Floor · House floor actions · Code H8A000 Congress.gov
Official actionOn motion to recommit Failed by the Yeas and Nays: 206 - 210 (Roll no. 30). No additional detail supplied.Floor · House floor actions · Code H36210 Congress.gov
Official actionOn passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31). No additional detail supplied.Floor · House floor actions · Code H37100 Congress.gov
Official actionPassed/agreed to in House: On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31). No additional detail supplied.Floor · Library of Congress · Code 8000 Congress.gov
Official actionMotion to reconsider laid on the table Agreed to without objection. No additional detail supplied.Floor · House floor actions · Code H38310 Congress.gov
House roll callHouse roll 29 On Agreeing to the AmendmentAgreed to Congress.gov
House roll callHouse roll 30 On Motion to RecommitFailed Congress.gov
House roll callHouse roll 31 On PassagePassed Congress.gov
Official actionReceived in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions. No additional detail supplied.IntroReferral · Senate Congress.gov
Text versionReferred in Senate A dated text-version record is available. Congress.gov

House roll calls join only on matching Congress, legislation type, and number. Senate roll calls join only on matching source-supplied document type and number, not question text. Committee and related-measure relationships have no date in their relationship records and therefore are counted above but never placed on the chronology.

Congressional Research Service

CRS summary

Reported to House Dec 30, 2025

Protecting Prudent Investment of Retirement Savings ActThis 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.

Official documents

Text versions