# 119-hr-10702: Workers’ Retirement Savings Protection Act of 2026

119-hr-10702, Workers’ Retirement Savings Protection Act of 2026, is a 119th Congress bill sponsored by Rep. Scott, Robert C. "Bobby" [D-VA-3] (D-VA); status introduced; PRIA reads it as touching household money (as of 2026-10-17).

- Canonical: https://policyrisk.com/legislation/119-hr-10702
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-10702
- Congress: 119
- Title: Workers’ Retirement Savings Protection Act of 2026
- Status: introduced
- Introduced: 2026-10-01
- Sponsor: Rep. Scott, Robert C. "Bobby" [D-VA-3] (D-VA)
- Cosponsors: 0
- Policy area: Labor and Employment
- Touches household money: yes
- Last recorded action: 2026-10-17

## Summary

**Expands ERISA fiduciary duty**. This bill would broaden who counts as a fiduciary under the Employee Retirement Income Security Act (ERISA) to cover advisers who give individualized, compensated investment advice to workplace retirement plans and individual retirement accounts, and it would remove the pre-enactment regulation (29 CFR 2510.3-21(c)) that had limited that coverage. - Workers and retirement savers: Brings advisers who give personalized, paid advice about buying, holding, selling, rolling over, transferring, or exchanging investments for plans and IRAs under ERISA fiduciary duties and enforcement mechanisms. - Employers and plan sponsors: Clarifies when advisers who recommend rollovers or other plan actions are treated as fiduciaries, affecting the legal standard plan sponsors can rely on for advice to plan participants. - Investment advisers and brokers: Defines "for a fee or other compensation, direct or indirect" to include commissions, revenue sharing, marketing or distribution fees, underwriting compensation, gifts, and other non-cash payments, broadening which payments can trigger fiduciary status.

## Provisions PRIA read

- More protections for retirement advisers: benefit, medium. If enacted, this bill would treat paid advisers who give investment advice tailored to a retirement plan or an IRA as ERISA fiduciaries. That includes advice about investment value and recommendations to buy, hold, sell, roll over, transfer, distribute, or exchange investments or strategies. The bi…

## Related bills

- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026
- 119-hr-7973: Momnibus Act
- 119-hr-3069: Medicare for All Act
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hr-5862: American Energy Independence and Affordability Act

## Sources
- [119-hr-10702 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/10702)

## Related
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-3069: Medicare for All Act](https://policyrisk.com/legislation/119-hr-3069)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hr-5862: American Energy Independence and Affordability Act](https://policyrisk.com/legislation/119-hr-5862)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-10702 (as of 2026-10-17).