The bill H. R. 1996, known as the "Retirement Proxy Protection Act," aims to amend the Employee Retirement Income Security Act of 1974. It clarifies the responsibilities of fiduciaries, who manage retirement plan assets, to include the prudent exercise of shareholder rights,...
Simple Explanation
In this bill, they are trying to make sure that the people who take care of retirement money do smart things with it, like voting on important decisions that can help the money grow. They must always think about what's best for the people whose money they are managing, not about other stuff.