HR 1996
Retirement Proxy Protection Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 13, 2026, 4:10 PM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Retirement Proxy Protection Act amends the Employee Retirement Income Security Act (ERISA) to clarify that fiduciaries managing retirement plan assets held as stock have a duty to exercise shareholder rights, including voting proxies, prudently and solely in the best interests of plan participants and beneficiaries. The bill outlines requirements for considering costs, evaluating material facts, and maintaining records related to proxy voting, and establishes guidelines for monitoring proxy advisory firms and adopting proxy voting policies. It also includes a ‘safe harbor’ provision for not voting proxies under certain circumstances.
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