H.R. 8286 119th Congress House

Protecting Americans’ Retirement Savings From Politics Act

Official title: To amend the Federal securities laws with respect to the materiality of disclosure requirements, to establish the Public Company Advisory Committee, and for other purposes.

Introduced: April 15, 2026 Introduced by: Bryan Steil Republican · Wisconsin See on congress.gov

Finance and Financial Sector Bank accounts, deposits, capitalCongressional oversightCorporate finance and managementEconomic performance and conditions

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Employee benefits and pensionsFinancial services and investmentsLicensing and registrationsPerformance measurementPolitical movements and philosophiesSecurities

Everywhere this bill has been 6 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 24, 2026

Placed on the Union Calendar, Calendar No. 618.

Jun 24, 2026

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-712.

Apr 21, 2026

Ordered to be Reported by the Yeas and Nays: 27 - 24.

Apr 21, 2026

Committee Consideration and Mark-up Session Held

Apr 15, 2026

Referred to the House Committee on Financial Services.

Apr 15, 2026

Introduced in House

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What's happening now June 24, 2026

Placed on the Union Calendar, Calendar No. 618.

Plain-English summary Congressional Research Service

Protecting Americans’ Retirement Savings From Politics Act

This bill limits certain disclosures currently required of public companies and revises the proxy voting process.

Under the bill, public companies are only required to disclose information in response to a Securities and Exchange Commission (SEC) rulemaking if the company determines that the information is material with respect to a voting or investment decision regarding company securities.

The bill also restricts the proxy voting process and proxy advisory firms. (Public companies regularly hold votes where eligible shareholders may fill out proxy cards with voting directions and submit them to a designated representative. Proxy advisory firms provide voting services and advice to institutional investors.) Specifically, robovoting (i.e., automated proxy voting) is prohibited for votes related to proxy or consent solicitation materials. Proxy advisory firms must register with the SEC and provide annual reports on their activity.

The bill also establishes a private right of action against proxy advisory firms in certain circumstances and makes such firms liable for failing to disclose material information or for making material misstatements. In addition, passively managed funds (e.g., index funds) that vote shares on behalf of fund investors in non-routine votes must (1) vote shares according to the instructions of the beneficial owner of the securities, (2) vote shares according to the voting recommendations of the board, (3) abstain from voting, or (4) mirror the vote share elections of other shareholders.

Hearings & markups 1

Various Measures
Markup Apr 21, 2026 · 10:00 AM EDT · Financial Services Committee

Related & companion bills 4

Bill text 2 versions

Introduced in House Formatted Text PDF Formatted XML
Reported in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Financial Services Committee
House of Representatives

Lobbying activity 8

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
AFL-CIO
for AFL-CIO · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
AMERICAN SECURITIES ASSOCIATION
for AMERICAN SECURITIES ASSOCIATION · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
AMERICANS FOR FINANCIAL REFORM
for AMERICANS FOR FINANCIAL REFORM · District of Columbia · 2nd Quarter 2026 (Apr 1 - June 30)
CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 2nd Quarter 2026 (Apr 1 - June 30)
AFL-CIO
for AFL-CIO · District of Columbia · 2nd Quarter 2026 (Apr 1 - June 30)

Bodies those filers lobbied

HOUSE OF REPRESENTATIVES
8 filings
SENATE
8 filings
Labor, Dept of (DOL)
5 filings
Agriculture, Dept of (USDA)
4 filings
Education, Dept of
4 filings
Justice, Dept of (DOJ)
4 filings
Securities & Exchange Commission (SEC)
4 filings
Treasury, Dept of
4 filings

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 8 filings →

Cosponsors 2

Meuser, Daniel

Pennsylvania · Apr 16, 2026

Wagner, Ann

Missouri · Apr 15, 2026

Cite this page click to expand

APA

U.S. Congress. (2026). H.R. 8286: Protecting Americans’ Retirement Savings From Politics Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-8286/

MLA

"H.R. 8286: Protecting Americans’ Retirement Savings From Politics Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-8286/.

Bluebook (legal)

H.R. 8286, 119th Cong. (2026), https://openamerica.io/bill/119-HR-8286/.

Markdown link

[H.R. 8286: Protecting Americans’ Retirement Savings From Politics Act](https://openamerica.io/bill/119-HR-8286/)