H.R. 8286 · 119th Congress

Protecting Americans’ Retirement Savings From Politics Act

Introduced on Apr 15, 2026 by Bryan Steil (R-WI-1). 2 cosponsors, all from the sponsor's party. Latest action (Jun 24, 2026): Placed on the Union Calendar, Calendar No. 618.

Stage
Reported by committee
Introduced
Apr 15, 2026
Cosponsors
2
0 from the other party
Policy area
Finance and Financial Sector
Open in the Congress explorerCongress.govAlert me

Progress

The furthest stage the measure reached. Simple and concurrent resolutions do not go to the President.

  1. Introduced
  2. Reported by committee
  3. 3Passed one chamber
  4. 4Passed both chambers
  5. 5Sent to the President
  6. 6Became law

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.

Subjects

  • Bank accounts, deposits, capital
  • Congressional oversight
  • Corporate finance and management
  • Economic performance and conditions
  • Employee benefits and pensions
  • Financial services and investments
  • Licensing and registrations
  • Performance measurement
  • Political movements and philosophies
  • Securities

Summary

By the Congressional Research Service (Reported to House, Jun 24, 2026). Public domain.

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.

Sponsor and cosponsors

Cosponsors by party as of the day they signed on. Original cosponsors signed on the day of introduction.

Bryan SteilR-WI-1Sponsor

Republicans · 2

Roll calls

Recorded votes on the measure. Most measures move by voice vote or unanimous consent, which record no individual positions.

No recorded roll call on this measure: it moved by voice vote or unanimous consent, or has not reached the floor.

History

Every action as published, oldest first. Roll calls link to how each member voted.

  1. Apr 15, 2026Introduced in House
  2. Apr 15, 2026Introduced in House
  3. Apr 15, 2026 · HouseReferred to the House Committee on Financial Services.
  4. Apr 21, 2026 · HouseCommittee Consideration and Mark-up Session Held
  5. Apr 21, 2026 · HouseOrdered to be Reported by the Yeas and Nays: 27 - 24.
  6. Jun 24, 2026Reported (Amended) by the Committee on Financial Services. H. Rept. 119-712.
  7. Jun 24, 2026 · HouseReported (Amended) by the Committee on Financial Services. H. Rept. 119-712.
  8. Jun 24, 2026 · HousePlaced on the Union Calendar, Calendar No. 618.

Committees

Committees and subcommittees the measure was referred to.

Agencies in its committees' jurisdiction

Analisa's mapping of committee jurisdiction to federal agencies; the bill may touch others, or none of these.

Who lobbied on it

Organizations whose lobbying reports (LD-2) name this measure. Spending is what they reported for those quarters on all issues, not on this measure alone.

  1. AFL-CIO1 report
    $760K reported (all issues)Federal contractor: AFL-CIO WORKING FOR AMERICA INSTITUTE, INC. (THE)AI match · 92%
  2. AMERICAN SECURITIES ASSOCIATION1 report
    $90K reported (all issues)
  3. ASCENSUS, LLC1 report
    $30K reported (all issues)
  4. Americans for Financial Reform1 report
    $100K reported (all issues)
  5. Chamber of Commerce of the U.S.A.1 report
    $17M reported (all issues)

Reports filed in 2026.

Sources and method

Every figure on this page traces to these records.

  • Bill status: bills and resolutions, sponsors, actions, subjects and CRS summaries (U.S. Government Publishing Office (GovInfo), from Congress.gov (Library of Congress))GovInfo Bill Status bulk data (Congress.gov; summaries by the Congressional Research Service) · data current to Oct 6, 2026 · loaded Oct 6, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Members of Congress, their terms, committees and identifiers (The @unitedstates project (from the Biographical Directory of the U.S. Congress, the House and the Senate))unitedstates/congress-legislators: legislators, committees and current committee membership · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: CC0 1.0 (public domain dedication)
  • House roll-call votes (Office of the Clerk, U.S. House of Representatives)Office of the Clerk, U.S. House of Representatives, roll-call vote records · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Senate roll-call votes and DW-NOMINATE scores (Voteview (UCLA Department of Political Science))Lewis, Jeffrey B., Keith Poole, Howard Rosenthal, Adam Boche, Aaron Rudkin, and Luke Sonnet (2026). Voteview: Congressional Roll-Call Votes Database. https://voteview.com/ · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Free to use with the required citation
  • Lobbying disclosures (LD-1 registrations, LD-2 quarterly reports, LD-203 contribution reports) (Clerk of the U.S. House of Representatives)Clerk of the House, Lobbying Disclosure Act filings (organizations only; lobbyists' names are not loaded) · data current to Oct 6, 2026 · loaded Oct 6, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Positions are shown only where a roll call recorded them; voice votes and unanimous consent record none.
  • Money and votes are shown side by side; neither explains the other.