House Bill 2988
119th Congress(2025-2026)
Protecting Prudent Investment of Retirement Savings Act
Introduced
Introduced in House on Apr 24, 2025
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2988
Congress
119
Policy Area
Labor and Employment
Labor and Employment
Primary focus of measure is matters affecting hiring and composition of the workforce, wages and benefits, labor-management relations; occupational safety, personnel management, unemployment compensation. Measures concerning public-sector employment may fall under Government Operations and Politics policy area.
No House votes have been held for this bill.
Summary
Unavailable
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12/30/2025
Placed on the Union Calendar, Calendar No. 367.
12/30/2025
Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-421.
06/25/2025
Ordered to be Reported (Amended) by the Yeas and Nays: 21 - 15.
06/25/2025
Committee Consideration and Mark-up Session Held
04/24/2025
Referred to the House Committee on Education and Workforce.
04/24/2025
Introduced in House
Bill Intelligence
Protects retirement savings and increases earnings
Limits non-pecuniary factors in investment decisions
Prevents discrimination and promotes shareholder rights
Emphasizes complete information disclosures
Requires notices explaining risks and impacts in retirement plans, effective from January 1, 2027
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Public Record
Record Updated
Dec 31, 2025 9:05:16 AM