Sustainable Investment Caucus Statement Opposing H.R. 2988

January 14, 2026 Sustainable Investment Caucus Statement Opposing H.R. 2988 Washington, D.C. (January 14, 2026) — Today, the Congressional Sustainable Investment Caucus released the following statement in opposition to H.R. 2988, the Protecting Prudent Investment of Retirement Savings Act : “We strongly oppose H.R. 2988 because it injects partisan politics into workers’ retirement plans and ties the hands of the people responsible for managing those savings,” said Congressional Sustainable Investment Caucus Co-Chairs Reps. Sean Casten (IL-06) and Juan Vargas (CA-52) . Under ERISA, fiduciaries already have a clear, enforceable duty to act solely in the interests of plan participants and beneficiaries. “This bill would make it harder for fiduciaries to consider real financial risks and opportunities, limiting default investment options, and discouraging the responsible exercise of shareholder rights,” Casten and Vargas continued. “Fiduciaries should be able to consider all financially material factors, without fear of litigation, when protecting workers' hard-earned retirement savings. “We urge our colleagues to vote no on H.R. 2988.” ### Print Email Share Tweet