H.R. 5339Protecting Americans’ Investments from Woke Policies Act

2 recorded actions302 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Rick W. Allen [R-GA-12]
Cosponsors: 1 · 1 Republican
Policy area: Labor and Employment
Committees: Education and Workforce Committee, Banking, Housing, and Urban Affairs Committee
Latest action: Sep 19, 2024 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedSep 5, 2023
Passed the HouseSep 18, 2024
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

Roll back ESG To Increase Retirement Earnings Act or the RETIRE Act

This bill generally requires fiduciaries of employer-sponsored retirement plans to make investment decisions based only on pecuniary factors (i.e., factors that a fiduciary prudently determines are expected to have a material effect on the risk or return of an investment based on appropriate investment horizons consistent with the plan's policies and objectives).

The bill allows nonpecuniary factors to be considered in certain situations, such as when selecting investment options for certain participant-directed retirement plans or if the fiduciary is unable to distinguish between investment alternatives on the basis of pecuniary factors alone.

Written by the nonpartisan Congressional Research Service, describing H.R. 5339 as reported to House on Sep 26, 2023. It is not the text of the measure; a later amendment may have changed what it does.

Roll calls on H.R. 53392 roll calls on this measure

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Sep 18, 2024Each bar: ✓ Yea from the bottom, ✕ Nay aboveSep 18, 2024

How every member votedHouse roll call 427

House Sep 18, 2024 · the primary vote

On Passage

RETIRE Act

Passed

217 Yea 206 Nay 8 not voting

Party-line vote 3 of 423 voting members broke with their own party: 3 Democrats.

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How the chamber split

One dot per member. Select a seat or a bar to filter the list.

DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

By party select a segment to filter

All members431 members

Democratic211 members

Republican220 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors1 · 1 Republican

Signing on is not a vote: a member can cosponsor H.R. 5339 and vote against it. 0 signed when it was filed.

RErin Houchin [R-IN-09]Joined Sep 18, 20232026 profile

Loading the public record

Who lobbied on H.R. 533919 organizations

Organizations that named H.R. 5339 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.

AMERICAN SOCIETY OF PENSION PROFESSIONALS & ACTUARIESIts PAC: The American Society of Pension Professionals & Actuaries PAC A/K/A American Retirement Association PAC

Retirement6 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

INSURED RETIREMENT INSTITUTEIts PAC: Insured Retirement Institute PAC

Insurance · Retirement · Taxation/Internal Revenue Code · Financial Institutions/Investments/Securities6 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

PRINCIPAL FINANCIAL GROUP

Taxation/Internal Revenue Code · Financial Institutions/Investments/Securities · Retirement · Insurance +3 more6 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATIONIts PAC: Securities Industry & Financial Markets Association PAC

Banking · Commodities (big ticket) · Financial Institutions/Investments/Securities · Taxation/Internal Revenue Code +1 more5 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

INVESTMENT COMPANY INSTITUTEIts PAC: Investment Co. Institute PAC

Financial Institutions/Investments/Securities · Retirement · Taxation/Internal Revenue Code · Budget/Appropriations4 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

NATIONAL SHOOTING SPORTS FOUNDATIONIts PAC: National Shooting Sports Foundation, Inc. PAC

Firearms/Guns/Ammunition4 filings · 3rd Quarter (July 1 - Sep 30) 2024Filing

SANOFI US SERVICES INCfiled by SANOFI US SERVICES INC.Its PAC: Sanofi US Services Inc. Employees' PAC

Manufacturing · Health Issues · Medicare/Medicaid · Trade (domestic/foreign) +2 more4 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

AFL-CIO

Energy/Nuclear · Retirement · Health Issues · Labor Issues/Antitrust/Workplace +14 more2 filings · 3rd Quarter (July 1 - Sep 30) 2024Filing

AMERICANS FOR FINANCIAL REFORM

Financial Institutions/Investments/Securities · Banking · Consumer Issues/Safety/Products · Housing +4 more2 filings · 3rd Quarter (July 1 - Sep 30) 2024Filing

AMERICANS FOR TAX REFORM

Retirement · Budget/Appropriations · Copyright/Patent/Trademark · Economics/Economic Development +15 more2 filings · 4th Quarter (Oct 1 - Dec 31) 2023Filing

51 disclosures name this measure. Retrieved from LDA.gov on 2026-10-04. 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.