Bills · 119th Congress · H.R. 2988

Protecting Prudent Investment of Retirement Savings Act

Passed the HouseConfirmed from the official record

Sponsored by Rick W. Allen RRepublican, introduced April 24, 2025. Policy area, as Congress files it: Labor and Employment.

Status is read from the official actions by their Library of Congress codes: Became Public Law (36000) or a law number on the bill reads "Became law"; Vetoed (31000) reads "Vetoed"; Presented to President (28000) reads "Sent to the President"; passed or agreed to in the House (8000) and in the Senate (17000) reads "Passed both chambers"; one of them alone reads "Passed the House" or "Passed the Senate" ("Agreed to" for a resolution); reported to the House (5000) or the Senate (14000) reads "Reported by committee"; anything else reads "Introduced".

Source: Congress.gov data service (Library of Congress). Text versions: our copies of govinfo.gov’s files. Our copy was saved October 15, 2026.

Every bill introduced

Cosponsors

No cosponsor.

Text

Versions of the text
Version	Date	Our copy
Referred in Senate	January 26, 2026	Not checked yetThe official file
Engrossed in House	January 15, 2026	Not checked yetThe official file
Reported in House	December 30, 2025	Not checked yetThe official file
Introduced in House	April 24, 2025	Not checked yetThe official file

Actions

January 26, 2026Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
January 15, 2026Motion to reconsider laid on the table Agreed to without objection.
January 15, 2026On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31).
January 15, 2026Passed/agreed to in House: On passage Passed by the Yeas and Nays: 213 - 205 (Roll no. 31).
January 15, 2026On motion to recommit Failed by the Yeas and Nays: 206 - 210 (Roll no. 30).
January 15, 2026The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
January 15, 2026Ms. Kaptur moved to recommit to the Committee on Education and Workforce. (text: CR H905)
January 15, 2026The previous question was ordered on the amendment and the bill pursuant to the rule.
January 15, 2026DEBATE - Pursuant to the provisions of H. Res. 988, the House proceeded with 10 minutes of debate on the Huizenga amendment No. 1.
January 15, 2026DEBATE - The House proceeded with one hour of debate on H.R. 2988.
January 15, 2026Rule provides for consideration of H.R. 2988, H.R. 2262, H.R. 2270, H.R. 2312 and H.R. 4366. The resolution provides for consideration of H.R. 2988 under a structured rule, and H.R. 2262, H.R. 2270, H.R. 2312, and H.R. 4366 under a closed rule. The rule provides for one hour of general debate and one motion to recommit on each bill.
January 15, 2026Considered under the provisions of rule H. Res. 988. (consideration: CR H897-907; text of amendment in the nature of a substitute: CR H897-899)
January 12, 2026Rules Committee Resolution H. Res. 988 Reported to House. Rule provides for consideration of H.R. 2988, H.R. 2262, H.R. 2270, H.R. 2312 and H.R. 4366. The resolution provides for consideration of H.R. 2988 under a structured rule, and H.R. 2262, H.R. 2270, H.R. 2312, and H.R. 4366 under a closed rule. The rule provides for one hour of general debate and one motion to recommit on each bill.
December 30, 2025Placed on the Union Calendar, Calendar No. 367.
December 30, 2025Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-421.
December 30, 2025Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-421.
June 25, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 21 - 15.
June 25, 2025Committee Consideration and Mark-up Session Held
April 24, 2025Referred to the House Committee on Education and Workforce.
April 24, 2025Introduced in House
April 24, 2025Introduced in House

Committees

Health, Education, Labor, and Pensions Committee (Senate)Referred To, January 26, 2026
Education and Workforce Committee (House)Unknown, January 15, 2026; Unknown, January 15, 2026; Reported By, December 30, 2025; Markup By, June 25, 2025; Referred To, April 24, 2025

Hearings

We hold hearing records only for bills that became law.

Who lobbied on this bill

Confirmed from the official record

1 lobbying report name H.R. 2988, for 1 client.

Lobbying reports that name H.R. 2988
Client	Registrant	Amount for the whole quarter	Lobbyists named for this issue	Filed	Report
PRINCIPAL FINANCIAL GROUP	PRINCIPAL FINANCIAL GROUPSecond quarter of 2026	$401,000reported as expenses	CHIRSTOPHER PAYNE ERIC SHIMP LANCE SCHOENING RACHEL A STANLEY NGUYEN ANNE DAVEY GLEASON	July 14, 2026	Open the report

A lobbying report states the registrant's income from the client (a lobbying firm) or its own lobbying expenses (an organization lobbying for itself), for the whole quarter and every issue together, rounded to the nearest $10,000. A report under $5,000 states no figure. It is not the amount spent on one bill.

Reports read: 0 of 1 quarters read in full (2026-Q2). With no registered key the service allows 15 requests a minute, so this covers the latest quarter only. With a key it covers four.

Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.

All saved lobbying reports that name H.R. 2988

Contributions from these lobbyists and firms to the sponsor and cosponsors

Contribution reports: Not checked yet.

Contribution reports are read for 0 of the 1 sponsor and cosponsor so far.

Lobbyists and registrants report their political contributions twice a year (form LD-203). A contribution is listed here when the report was filed by a lobbyist named on this bill's lobbying reports or by a registrant that filed one of them, and its payee is the member's own committee as the FEC lists it, under the exact-name rule. The contribution's date is as reported and can fall before or after the lobbying.