H.R. 2988 - Protecting Prudent Investment of Retirement Savings Act
H.R. 2988 - Protecting Prudent Investment of Retirement Savings Act
Hearing Information
Amendment Deadline
Friday, January 9, 2026 - 11:00am View Announcement »
Meeting Information
Monday, January 12, 2026 - 4:00pm H-313, The Capitol View Announcement »
Bill Text
(as reported)
H. Rept. 119-421PDF
Report from the Committee on the Education and Workforce to accompany H.R. 2988
Amendments (click each header to sort table ▲▼ by that column)
| # | Version # | Sponsor(s) | Party | Summary | Status |
|---|---|---|---|---|---|
| 1 | Version 1 | DeSaulnier (CA) | Democrat | Allows plan fiduciaries to consider ESG investments while ensuring they do not sacrifice investment returns and upholding core ERISA protections. | Submitted |
| 2 | Version 1 | Houlahan (PA) | Democrat | Adds the Sense of Congress that the federal government should not direct investment choices and that fiduciaries should retain discretion to consider all relevant financial risks when making investment decisions provided such risks bear on the economic outcomes of the investments. | Submitted |
| 3 | Version 1 | Houlahan (PA) | Democrat | Ensures that financially material climate-related risks, such as the economic impacts of extreme weather and climate change, may qualify as “pecuniary factors” under ERISA, and that fiduciaries may consider them, case by case, to the extent they reasonably affect an investment’s risk-return profile. | Submitted |
| 4 | Version 2 | Huizenga (MI) | Republican | Revised Requires GAO to publish a study on brokerage accounts. | Revised |