The record

LegislationLegislation· Sep 2024
HR 5339

Sponsored by Rick W. Allen (R)

Protecting Americans’ Investments from Woke Policies Act

Would have required retirement plan managers to pick investments based only on money factors.

Tradeoff

Would have barred retirement plan managers from weighing social or political goals in investment choices. Would have allowed those goals only when money factors could not separate the options.

What's in it

See official bill text
H.R. 5339, RETIRE Actwww.cbo.gov/publication/59600 · Sep 2023

The House passed this 217-206 on September 18, 2024, after rejecting a 206-213 motion to send it back to committee. The Senate never voted on it before the Congress ended.

  1. House

    Introduced

    (Sep 5, 2023)

  2. House

    Committee on Education and the Workforce(Sep 5, 2023)

  3. House

    The Committee on Education and the Workforce voted to send it to the floor

    Reported 23 - 19(Sep 14, 2023)

    Committee report H. Rept. 118-225.

  4. House

    On

    RETIRE Act

    Failed(Roll #426 · Sep 18, 2024)

    206 yeanay 213

  5. House

    Passage of the bill

    RETIRE Act

    Passed(Roll #427 · Sep 18, 2024)

    217 yeanay 206

  6. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Sep 19, 2024)

Passage votes· Sep 18, 2024· 118th Congress · 2023–2025