Pipeline · Bill → Law
Step 1
Introduced
Sep 5, 2023
Step 2
Referred
Sep 5, 2023
Education and Workforce · Banking, Housing, and Urban Affairs
Step 3
Committee
Sep 14, 2023
Reported out
Step 4
House floor
Sep 18, 2024
Passed House
Step 5
Senate
Sep 19, 2024
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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.
2 provisions
2 provisions
2 provisions
2 provisions
Roll Call Votes · 2
Timeline · 21 actions
Sep 19, 2024
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 18, 2024
Considered under the provisions of rule H. Res. 1455.
Sep 18, 2024
Rule provides for consideration of H.R. 3724, H.R. 4790, H.R. 5179, H.R. 5339, H.R. 5717, H.R. 7909 and H.J. Res. 136. The resolution provides for consideration of H.R. 3724 and H.R. 5717 under a structured rule and H.R. 4790, H.R. 5179, H.R. 5339, H.R. 7909, and H.J. Res. 136 under a closed rule. The resolution provides for one hour of general debate and one motion to recommit on each measure.
Sep 18, 2024
DEBATE - The House proceeded with one hour of debate on H.R. 5339.
Sep 18, 2024
WORDS TAKEN DOWN - During the course of debate, exception was taken to certain words used and a demand was made to have the words taken down. Subsequently, the objection was withdrawn.
Sep 18, 2024
DEBATE - The House resumed debate on H.R. 5339.
Sep 18, 2024
The previous question was ordered pursuant to the rule.
Sep 18, 2024
Mr. Kildee moved to recommit to the Committee on Education and the Workforce.
Sep 18, 2024
The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
Sep 18, 2024
POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 5339, the Chair put the question on the motion to recommit and by voice vote announced that the noes had prevailed. Mr. Kildee demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Sep 18, 2024
Considered as unfinished business.
Sep 18, 2024
On motion to recommit Failed by the Yeas and Nays: 206 - 213 (Roll no. 426).
Sep 18, 2024
On passage Passed by the Yeas and Nays: 217 - 206 (Roll no. 427).ROLL CALLpass
Sep 18, 2024
Motion to reconsider laid on the table Agreed to without objection.
Sep 17, 2024
Rules Committee Resolution H. Res. 1455 Reported to House. Rule provides for consideration of H.R. 3724, H.R. 4790, H.R. 5179, H.R. 5339, H.R. 5717, H.R. 7909 and H.J. Res. 136. The resolution provides for consideration of H.R. 3724 and H.R. 5717 under a structured rule and H.R. 4790, H.R. 5179, H.R. 5339, H.R. 7909, and H.J. Res. 136 under a closed rule. The resolution provides for one hour of general debate and one motion to recommit on each measure.
Sep 26, 2023
Reported (Amended) by the Committee on Education and the Workforce. H. Rept. 118-225.
Sep 26, 2023
Placed on the Union Calendar, Calendar No. 184.
Sep 14, 2023
Committee Consideration and Mark-up Session Held
Sep 14, 2023
Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 19.
Sep 5, 2023
Introduced in House
Sep 5, 2023
Referred to the House Committee on Education and the Workforce.