# 119-s-3086: Restoring Integrity in Fiduciary Duty Act

119-s-3086, Restoring Integrity in Fiduciary Duty Act, is a 119th Congress bill sponsored by Sen. Cassidy, Bill [R-LA] (R-LA); status introduced; PRIA reads it as touching household money (as of 2026-04-23).

- Canonical: https://policyrisk.com/legislation/119-s-3086
- As of: 2026-04-23
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3086
- Congress: 119
- Title: Restoring Integrity in Fiduciary Duty Act
- Status: introduced
- Introduced: 2025-10-30
- Sponsor: Sen. Cassidy, Bill [R-LA] (R-LA)
- Cosponsors: 1
- Policy area: unknown
- Touches household money: yes
- Last recorded action: 2026-04-23

## Summary

**Prioritizes pecuniary (financial) factors** in retirement investing and sharply limits using social or other nonfinancial goals when ERISA fiduciaries choose investments or exercise shareholder rights. The bill sets strict documentation and voting rules so decisions must center on participants' economic interests.

## Cosponsors (1)

- Sen. Banks, Jim [R-IN] (R-IN), 2025-10-30T00:00:00.000Z

## Provisions PRIA read

- Definitions for retirement investing: benefit, medium. If enacted, the bill would add clear definitions for key investment terms used by retirement-plan fiduciaries. It would define 'pecuniary factor', 'material', 'investment course of action', and the 'capita aut navia' random-selection rule. The rules would say 'material' excludes goals that further…
- Proxy voting rules for plans: benefit, medium. If enacted, the bill would make fiduciaries manage proxy votes and other shareholder rights only for participants' economic interest. Fiduciaries would not be required to vote every proxy and could adopt a safe-harbor policy that limits voting to matters tied to investment value or when plan holdin…
- Stricter fiduciary investment rules: mixed, medium. If enacted, fiduciaries would generally have to evaluate and select investments only on financial (pecuniary) factors. They could not sacrifice return or accept extra risk to achieve nonfinancial goals. If pecuniary factors do not distinguish options, fiduciaries could use a documented 'capita aut…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-2120: Older Americans Act Reauthorization Act of 2025
- 119-s-1748: Kids Online Safety Act
- 119-s-1992: Veterans Appeals Efficiency Act of 2025
- 119-s-292: Educational Choice for Children Act of 2025
- 119-s-124: Restore VA Accountability Act of 2025

## Sources
- [119-s-3086 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3086)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-2120: Older Americans Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-s-2120)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-1992: Veterans Appeals Efficiency Act of 2025](https://policyrisk.com/legislation/119-s-1992)
- [119-s-292: Educational Choice for Children Act of 2025](https://policyrisk.com/legislation/119-s-292)
- [119-s-124: Restore VA Accountability Act of 2025](https://policyrisk.com/legislation/119-s-124)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3086 (as of 2026-04-23).