118th Congress (2023–2025) · House bill · Sponsor: Rep. Allen, Rick W. [R-GA-12]
This page covers HR5339 in the 118th Congress. Bill numbers start over every Congress, so HR5339 in another Congress is a different bill.
| Item | Detail |
|---|---|
| Roll-call votes | 2 |
| Chamber | House |
| Latest vote | 2024-09-18: Passed |
| Latest action | 2024-09-19: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Policy area | Labor and Employment |
| Official record | Congress.gov |
Roll back ESG To Increase Retirement Earnings Act or the RETIRE Act This bill generally requires fiduciaries of employer-sponsored retirement plans to make investment decisions based only on pecuniary factors (i.e., factors that a fiduciary prudently determines are expected to have a material effect on the risk or return of an investment based on appropriate investment horizons consistent with the plan's policies and objectives). The bill allows nonpecuniary factors to be considered in certain situations, such as when selecting investment options for certain participant-directed retirement plans or if the fiduciary is unable to distinguish between investment alternatives on the basis of pecuniary factors alone.
Subjects: Business ethics, Employee benefits and pensions, Financial services and investments
Every recorded vote on this bill, newest first, with a link to the official tally. Member-by-member positions are on each member’s profile.
| Date | Chamber | Question | Result | Yea | Nay | Not voting | Record |
|---|---|---|---|---|---|---|---|
| 2024-09-18 | House | Yea-and-Nay | Passed | 184 | 180 | 5 | Official tally |
| 2024-09-18 | House | Yea-and-Nay | Failed | 179 | 181 | 8 | Official tally |
HR5339 (Protecting Americans’ Investments from Woke Policies Act) was introduced in the 118th Congress (2023–2025) by Rep. Allen, Rick W. [R-GA-12].
On 2024-09-19: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2 recorded votes in the 118th Congress. The most recent, on 2024-09-18, was "Yea-and-Nay": Passed.