Protecting Retail Investors’ Savings Act

referredUnited States· United States Congress· EN

Introduced

13 July 2023

Last action

13 July 2023 · Introduced

Status

Referred to the House Committee on Financial Services.

Summary

Protecting Retail Investors' Savings Act This bill further defines the best interest of a customer for purposes of the standard of conduct for all brokers, dealers, and investment advisers. Currently, these professionals must act in the best interest of the customer without regard to the financial or other interests of the professional providing the advice. The bill adds that the best interest standard must be based on pecuniary factors (i.e., a factor that a fiduciary determines will have a material effect on an investment's performance) unless the customer otherwise directs. In addition, the Securities and Exchange Commission must report on (1) municipal bond disclosures regarding climate change and environmental matters, and (2) the effectiveness of specified rules in preventing the payment of government officials or candidates in exchange for government business in connection with the sale or offer of municipal securities.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

13 July 2023
Introduced
Referred to the House Committee on Financial Services.
Source: IntroReferral
13 July 2023
Introduced
Introduced in House
Source: IntroReferral
13 July 2023
Introduced
Introduced in House
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 13 July 2023 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 13 July 2023
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Introduced in House (PDF)
Introduced in House · EN · 13 July 2023
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Introduced in House
summary · EN · 13 July 2023
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to ← Protecting Americans’ Retirement Savings from Politics Act
related to ← Prioritizing Economic Growth Over Woke Policies Act

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/118th-congress/house-bill/4600
Open data entity: https://api.congress.gov/v3/bill/118/hr/4600
us · 118-hr-4600 · source updated 27 May 2025