Retirement Proxy Protection Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 1996 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 1996 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 March 10, 2025 Mrs. Houchin (for herself, Mr. Owens, and Mr. Grothman) introduced the following bill; which was referred to the Committee on Education and 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 a…