Retirement Proxy Protection Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 5337 Introduced in House (IH)] <DOC> 118th CONGRESS 1st Session H. R. 5337 To amend the Employee Retirement Income Security Act of 1974 to clarify the application of prudence and exclusive purpose duties to the exercise of shareholder rights. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES September 5, 2023 Mrs. Houchin introduced the following bill; which was referred to the Committee on Education and the Workforce _______________________________________________________________________ A BILL To amend the Employee Retirement Income Security Act of 1974 to clarify the application of prudence and exclusive purpose duties to the exercise of shareholder rights. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Retirement Proxy Protection Act''. SEC. 2. EXERCISE OF SHAREHOLDER RIGHTS. (a) In General.--Section 404 of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1104) is amended by adding at the end the foll…