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H.R. 3308 117th Congress House

EMPOWERS Act

Official title: To establish a process by which participants of employee welfare plans select guidelines to be used by the plan fiduciary for voting proxies on securities held… Show full official titleShow less

Official title: To establish a process by which participants of employee welfare plans select guidelines to be used by the plan fiduciary for voting proxies on securities held in investment portfolios under the plan, and for other purposes.

Introduced: May 18, 2021 Introduced by: Pramila Jayapal Democratic · Washington See on congress.gov
Labor and Employment Administrative law and regulatory proceduresCorporate finance and managementDepartment of LaborEmployee benefits and pensions
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Financial services and investmentsLabor-management relationsSecurities
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 18, 2021
Referred to the House Committee on Education and Labor.
May 18, 2021
Introduced in House
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 Latest action May 18, 2021

Referred to the House Committee on Education and Labor.

 Plain-English summary Congressional Research Service

Encouraging More Proxy voting by Organized Workers, Employees, and Retirement Savers Act or the EMPOWERS Act

This bill modifies the requirements for single-employer retirement plans with respect to the fiduciaries and proxy voting procedures for such plans.

Specifically, it requires the assets of such plans to be held in trust by a joint board of trustees that represents the interests of the employer and the interests of the plan participants and their beneficiaries on an equal basis.

Additionally, the trustees of each plan must undergo training and establish proxy voting guidelines for the plan. In exercising a plan's proxy voting rights, a fiduciary may consider (1) the investment objectives of the plan participants and their beneficiaries, and (2) certain effects of negative externalities generated by portfolio companies.

 Related & companion bills 1
  • S 1677 Identical bill EMPOWERS Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 3308: EMPOWERS Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-3308/
MLA
"H.R. 3308: EMPOWERS Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-3308/.
Bluebook (legal)
H.R. 3308, 117th Cong. (2026), https://openamerica.io/bill/117-HR-3308/.
Markdown link
[H.R. 3308: EMPOWERS Act](https://openamerica.io/bill/117-HR-3308/)
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