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S3086Referred to Committee

Restoring Integrity in Fiduciary Duty Act

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-10-30
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

Bill Cassidy
Bill Cassidy
Republican · LA · Senator
Votes with party: 74.4% (812 recorded votes)
Top industries funding sponsor:
  • Climate & Environment$8,471k

Full profile: /officials/C001075

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

  • Jim Banks (R-IN)Original· 2025-10-30

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

2025-10-30

Source: Congress.gov

Committee Activity

Currently in

  • Senate Committee on Health, Education, Labor, and PensionsReferred To · 2025-10-30

Previously

  • Health, Education, Labor, and Pensions CommitteeReferred To · 2025-10-30

Plain-English Summary

The proposal would clarify and strengthen the legal obligations that financial advisors and retirement plan managers have to act in their clients' best interests when managing money and investments. It would establish clearer standards for what constitutes a breach of fiduciary duty and could increase penalties for advisors who prioritize their own profits over their clients' financial wellbeing. This would primarily affect retirement savers, workers with 401(k) plans, and investment clients seeking to ensure their advisors are held accountable.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Labor and Employment
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

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Bills by the same sponsor or covering overlapping subjects.

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