# 119-hr-8383: Protecting Americans’ Savings Act

119-hr-8383, Protecting Americans’ Savings Act, is a 119th Congress bill sponsored by Rep. Nunn, Zachary [R-IA-3] (R-IA); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-8383
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8383
- Congress: 119
- Title: Protecting Americans’ Savings Act
- Status: introduced
- Introduced: 2026-04-20
- Sponsor: Rep. Nunn, Zachary [R-IA-3] (R-IA)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Ban on "robovoting" for proxy and consent votes and tighter limits on outsourcing investor voting.** This bill would direct the Securities and Exchange Commission to write rules that stop automatic voting that simply follows a proxy advisory firm's recommendations and that narrow who may be delegated voting authority. - Institutional investors would have to perform independent review before using a proxy advisor's recommendation to cast votes. They could only delegate voting to a registered investment adviser or to a broker or dealer registered with the SEC or exempt from registration that owes a fiduciary or best-interest duty. - Proxy advisory firms would face limits on automatic voting via their platforms. Their recommendations could no longer be used to cast votes without client review and analysis. - Registered advisers and broker-dealers with fiduciary or best-interest duties would be the only third parties allowed to receive delegated voting power. That reduces outsourcing options for institutional vote execution. - No person could be required to cast votes related to proxy or consent solicitations unless a fiduciary duty or SEC Rule 206(4)-6 obliges them.

## Provisions PRIA read

- Limits on automated proxy voting: mixed, medium. This bill would require the SEC to issue rules banning "robovoting" for votes on proxy or consent solicitation materials. "Robovoting" would mean automatically voting with a proxy advisory firm's recommendation, including on the firm's electronic voting platform, without independent review and anal…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-4393: DIGNIDAD (Dignity) Act of 2025
- 119-hr-137: TCJA Permanency Act
- 119-hr-3633: Digital Asset Market Clarity Act
- 119-hr-562: BLUE Pacific Act

## Sources
- [119-hr-8383 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8383)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-4393: DIGNIDAD (Dignity) Act of 2025](https://policyrisk.com/legislation/119-hr-4393)
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-3633: Digital Asset Market Clarity Act](https://policyrisk.com/legislation/119-hr-3633)
- [119-hr-562: BLUE Pacific Act](https://policyrisk.com/legislation/119-hr-562)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8383 (as of 2026-09-21).