To amend the Employee Retirement Income Security Act of 1974 to provide that persons are fiduciaries with respect to the provision of retirement investment advice.
Treats people providing retirement investment advice as fiduciaries under ERISA.
In the House Education and Workforce Committee since Oct. 1, 2026, 4 days after it was introduced. Most bills never leave committee.
- INTRODUCEDINTROOCT 1, 2026
- COMMITTEECOMM.IN COMMITTEE
- HOUSEHOUSE—
- SENATESENATE—
- LAWLAW—
What the bill would do, and why it matters
Rules about who counts as a fiduciary shape how retirement investment advice is treated under ERISA. The bill would amend the law so people providing that advice are fiduciaries with respect to it.
- INTRODUCED ONLY This bill has been introduced and possibly referred to a committee, but it has not passed any vote. Most introduced bills never become law — they die in committee without a hearing.
- FULL TEXT UNAVAILABLE Congress.gov has not posted the full bill text yet. The analysis is based on the title and metadata only and may miss substantive provisions.
- DATA NOTE No Congressional Research Service summary was available.
- Treat advice providers as ERISA fiduciaries
The bill would amend ERISA to treat people as fiduciaries with respect to providing retirement investment advice.
The measure would change how ERISA treats people who provide retirement investment advice, potentially affecting their legal responsibilities in giving that advice.
Written from the official record.
The path it took, step by step
- IntroducedOCT 1, 2026HOUSEOCT 1, 2026By Rep. ScottReferred to Education and Workforce
- SAME DAYNOWHouse committeeOCT 1, 2026EDUCATION & WORKFORCE NOWOCT 1, 2026In committee for 4 daysNo hearing yet
- 4 DAYS SO FARPassed the House—HOUSE FLOOR—Not scheduled
- Senate committee—SENATE—
- Passed the Senate—SENATE FLOOR—Not scheduled
- Resolve differencesONLY IF NEEDEDBOTH CHAMBERSONLY IF NEEDEDSkipped if the other chamber passes the same text
- Signed into law—PRESIDENT—10 days to sign or veto
- OCT 12026OCT 1, 2026REFERREDHOUSEReferred to the House Committee on Education and Workforce.
- OCT 12026OCT 1, 2026INTRODUCEDHOUSEIntroduced in House
At day 4, this bill is already older than 3% of the laws passed this Congress were when they were signed.
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