Protecting Americans’ Retirement Savings From Politics Act
Latest action · Jun 24, 2026 Placed on the Union Calendar, Calendar No. 618.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 15, 2026
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Protecting Americans’ Retirement Savings From Politics Act
This bill limits certain disclosures currently required of public companies and revises the proxy voting process.
Under the bill, public companies are only required to disclose information in response to a Securities and Exchange Commission (SEC) rulemaking if the company determines that the information is material with respect to a voting or investment decision regarding company securities.
The bill also restricts the proxy voting process and proxy advisory firms. (Public companies regularly hold votes where eligible shareholders may fill out proxy cards with voting directions and submit them to a designated representative. Proxy advisory firms provide voting services and advice to institutional investors.) Specifically, robovoting (i.e., automated proxy voting) is prohibited for votes related to proxy or consent solicitation materials. Proxy advisory firms must register with the SEC and provide annual reports on their activity.
The bill also establishes a private right of action against proxy advisory firms in certain circumstances and makes such firms liable for failing to disclose material information or for making material misstatements. In addition, passively managed funds (e.g., index funds) that vote shares on behalf of fund investors in non-routine votes must (1) vote shares according to the instructions of the beneficial owner of the securities, (2) vote shares according to the voting recommendations of the board, (3) abstain from voting, or (4) mirror the vote share elections of other shareholders.
Cosponsors 2
Members who signed on, in the order they did. Signatures ran from Apr 15, 2026 to Apr 16, 2026, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MO | Ann Wagner | Original | Apr 15, 2026 |
| R-PA | Daniel Meuser | Apr 16, 2026 |
Actions 6
Everything that happened, newest first.
- Jun 24, 2026Placed on the Union Calendar, Calendar No. 618.
- Jun 24, 2026Reported (Amended) by the Committee on Financial Services. H. Rept. 119-712.
- Apr 21, 2026Committee Consideration and Mark-up Session Held
- Apr 21, 2026Ordered to be Reported by the Yeas and Nays: 27 - 24.
- Apr 15, 2026Introduced in House
Related bills 4
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3402 | To amend the Securities Exchange Act of 1934 to require certain disclosures by institutional investment managers in connection with proxy advisory firms, and for other purposes. | Related bill | May 14, 2025 |
| HR 6967 | Public Company Advisory Committee Act of 2026 | Related bill | Mar 19, 2026 |
| HR 8265 | Empowering Shareholders Act of 2026 | Related bill | Apr 14, 2026 |
| HR 8383 | Protecting Americans’ Savings Act | Related bill | Apr 20, 2026 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Bank accounts, deposits, capital
- Congressional oversight
- Corporate finance and management
- Economic performance and conditions
- Employee benefits and pensions
- Finance and Financial Sector
- Financial services and investments
- Licensing and registrations
- Performance measurement
- Political movements and philosophies
- Securities
Text 2
Each version as it was printed, newest first.
- Jun 24, 2026Reported in House
- Apr 15, 2026Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.