Retirement Proxy Protection Act

This bill clarifies how retirement plan managers must handle shareholder voting on company issues. It requires them to act solely in participants' economic interests when voting proxies, but does not mandate voting every proxy. The bill creates a "safe harbor" allowing plans to skip voting on small holdings (under 5% of assets) or unrelated proposals without violating fiduciary duty. It takes effect January 1, 2026, directly affecting retirement plan managers, not individual investors.