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H. Rept. 119-421 1 (2025-12-30)

handle is hein.congrecreports/crptxahxr0001 and id is 1 raw text is: 119TH CONGRESS I 1st Session j HOUSE OF REPRESENTATIVES REPORT 119-421 PROTECTING PRUDENT INVESTMENT OF RETIREMENT SAVINGS ACT DECEMBER 30, 2025.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. WALBERG, from the Committee on Education and Workforce, submitted the following REPORT together with MINORITY VIEWS [To accompany H.R. 2988] [Including cost estimate of the Congressional Budget Office] The Committee on Education and Workforce, to whom was re- ferred the bill (H.R. 2988) to amend the Employee Retirement In- come Security Act of 1974 to specify requirements concerning the consideration of pecuniary and non-pecuniary factors, and for other purposes, having considered the same, reports favorably thereon with an amendment and recommends that the bill as amended do pass. The amendment is as follows: Strike all after the enacting clause and insert the following: SECTION 1. SHORT TITLE; TABLE OF CONTENTS. (a) SHORT TITLE.-This Act may be cited as the Protecting Prudent Investment of Retirement Savings Act. (b) TABLE OF CONTENTS.-The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. DIVISION A-INCREASE RETIREMENT EARNINGS Sec. 1001. Short title. Sec. 1002. Limitation on consideration of non-pecuniary factors by fiduciaries. DIVISION B-NO DISCRIMINATION IN MY BENEFITS Sec. 2001. Short title. Sec. 2002. Service provider selection. 69-006 AUTHENTICATED U.S. GOVERNMENT INFORMATION 4