Protecting Prudent Investment of Retirement Savings Act (HR 2988)
Score:
0
%
Federal
2026
This bill sets new rules for retirement plans. Managers must pick investments only for financial risk and return; social goals can be used only as a documented tie-breaker, and such funds can’t be the default. Plans must choose vendors without regard to race, sex, religion, or national origin. Proxy voting must put economics first with records and oversight. People using self-directed brokerage windows must get clear risk and fee notices.
Vote Yes on this bill if you want retirement investments decided only on financial risk and return, ESG funds kept out of default options, neutral vendor selection, tighter proxy voting focused on economic outcomes, and clear risk notices for self-directed brokerage windows.
Organizations that support this bill may include employer groups, business and industry associations, plan sponsors, free-market policy groups, and investment managers that prefer financial-only criteria in retirement plans.
Supported By
Vote No on this bill if you want fiduciaries to keep flexibility to weigh ESG factors, allow ESG funds as defaults when prudent, preserve broader shareholder engagement and proxy voting discretion, and consider diversity goals when choosing service providers.
Organizations that oppose this bill may include environmental and sustainability groups, labor unions and public pension advocates that use ESG strategies, proxy advisory firms, and civil rights groups concerned about limits on diversity considerations.
