Back to all bills
S 3086119th CongressIn Committee
Restoring Integrity in Fiduciary Duty Act
Introduced: Oct 30, 2025
Sponsor: Sen. Cassidy, Bill [R-LA] (R-Louisiana)
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Restoring Integrity in Fiduciary Duty Act amends ERISA to clarify fiduciary investment standards and shareholder rights exercise.
Key Points
- 1Prohibits using nonpecuniary factors unless pecuniary factors are equal
- 2Requires detailed documentation when using nonpecuniary factors
- 3Establishes safe harbor for proxy voting policies
- 4Clarifies fiduciary duties for shareholder rights exercise
- 5Prohibits subordinating participant interests to nonpecuniary goals
- 6Applies to ERISA-covered retirement plans
Impact Areas
ERISA-covered retirement plansPlan fiduciaries and trusteesInvestment managersProxy advisory firmsRetirement plan participants and beneficiariesEnvironmental, social, and governance (ESG) investing
Generated by kwaipilot/kat-coder-pro:free on Nov 19, 2025