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HOUSE 5339118th CongressReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Protecting Americans’ Investments from Woke Policies Act

Last Action
9/19/2024

Actions

  • 2024-09-19Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • 2024-09-18Motion to reconsider laid on the table Agreed to without objection.
  • 2024-09-18On passage Passed by the Yeas and Nays: 217 - 206 (Roll no. 427). (text of amendment in the nature of a substitute: CR H5343-5345)
  • 2024-09-18Passed/agreed to in House: On passage Passed by the Yeas and Nays: 217 - 206 (Roll no. 427). (text of amendment in the nature of a substitute: CR H5343-5345)
  • 2024-09-18On motion to recommit Failed by the Yeas and Nays: 206 - 213 (Roll no. 426).
  • 2024-09-18Considered as unfinished business. (consideration: CR H5370-5372)
  • 2024-09-18POSTPONED 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.
  • 2024-09-18The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
  • 2024-09-18Mr. Kildee moved to recommit to the Committee on Education and the Workforce. (text: CR H5349-5350)
  • 2024-09-18The previous question was ordered pursuant to the rule.
  • 2024-09-18DEBATE - The House resumed debate on H.R. 5339.
  • 2024-09-18WORDS 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 Subsequently, the objection was withdrawn.
  • 2024-09-18DEBATE - The House proceeded with one hour of debate on H.R. 5339.
  • 2024-09-18Rule 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.
  • 2024-09-18Considered under the provisions of rule H. Res. 1455. (consideration: CR H5343-5350)

Showing 15 of 20 actions. Full history on Congress.gov.

CRS Summary

As of 2023-09-26 (07)

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.

Cosponsors (1)

  • Erin Houchin (R-IN)

Subjects

  • Business ethics
  • Employee benefits and pensions
  • Financial services and investments
Read on Congress.gov

Sourced from Congress.gov (public domain).

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