H.R. 2988 · 119th Congress · 2025–2026
Protecting Prudent Investment of Retirement Savings Act
H.R. 2988 in the 119th Congress (2025–2026) has passed the house — introduced on Apr 24, 2025, sponsored by Rick W. Allen. Congress held 3 roll call votes on it.
During the 119th Congress (2025–2026), Donald Trump was president, and Republicans held majorities in both the House and Senate.
- Status
- Passed the House
- Introduced
- Apr 24, 2025
- Co-sponsors
- 0
- Policy area
- Labor and Employment
- Groups that lobbied
- 12
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 hori…
Summary by the nonpartisan Congressional Research Service.
Sponsor
Where it stands
- IntroducedApr 24, 2025
- Passed the HouseJan 15, 2026
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Jan 26, 2026)
How Congress voted
- On Passage
House · Jan 15, 2026 · Passed213–205 - On Motion to Recommit
House · Jan 15, 2026 · Failed206–210
Every roll call vote on this bill
- On Agreeing to the AmendmentHouse · Jan 15, 2026
- Protecting Prudent Investment of Retirement Savings ActHouse · Jan 15, 2026
- Protecting Prudent Investment of Retirement Savings ActHouse · Jan 15, 2026
More bills from Rick W. Allen in the 119th Congress
- H.R. 4626: Don’t Mess With My Home Appliances Act
- H.R. 5169: Retire through Ownership Act
- H.R. 5509: Safe Step Act
- H.R. 6122: BARN Act
- H.R. 7195: Timber Harvesters, Haulers, and Landowners Market Disruptions Relief Act
- H.R. 7895: PBM Kickback Prohibition Act
- H.R. 9798: Employer Health Plan Flexibility Act
Other Labor and Employment bills in the 119th Congress
- H.R. 20: Richard L. Trumka Protecting the Right to Organize Act of 2025
- S. 500: CAREER Act of 2025
- H.R. 989: To codify Executive Order 11246 titled "Equal Employment Opportunity".
- H.R. 1055: CONSTRUCTS Act of 2025
- H.R. 1156: Pandemic Unemployment Fraud Enforcement Act
- H.R. 1319: Modern Worker Empowerment Act
- H.R. 1895: Delphi Retirees Pension Restoration Act
- S. 1950: Susan Muffley Act of 2025
- H.R. 2262: Flexibility for Workers Education Act
- H.R. 2270: Empowering Employer Child and Elder Care Solutions Act
Who lobbied on it
12 organizations named this bill in lobbying reports (Jul 2025 – Sep 2026). Biggest spenders among them:
Committees
- Health, Education, Labor, and Pensions Committee
- Education and Workforce Committee
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 2988 (119th Congress): Protecting Prudent Investment of…,” https://www.capitolreceipts.com/bill/119-hr-2988/protecting-prudent-investment-of-retirement-savings-act (accessed 2026-10-17).