S 3086
Restoring Integrity in Fiduciary Duty Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 7:46 AM
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- Passed House
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Bill overview
The Restoring Integrity in Fiduciary Duty Act modifies the Employee Retirement Income Security Act (ERISA) to clarify how fiduciaries can consider non-financial factors when making investment decisions and exercising shareholder rights. Specifically, it allows fiduciaries to use non-pecuniary factors when choosing between investments, provided they document their reasoning and ensure the decision aligns with participant and beneficiary interests. Additionally, the bill strengthens the fiduciary duty to exercise shareholder rights, requiring them to act solely in the best interests of plan participants and beneficiaries and prohibiting the use of non-financial goals in those decisions.
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