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S. 1677: Encouraging More Proxy voting by Organized Workers, Employees, and Retirement Savers Act

Before you vote › Federal bills

S. 1677: Encouraging More Proxy voting by Organized Workers, Employees, and Retirement Savers Act

117th Congress · introduced 2021-05-18 · Labor and Employment · Latest: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2021-05-18 · official record
  2. Who proposed it: Sen. Baldwin, Tammy [D-WI] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Read twice and referred to the Committee on Health, Education, Labor, and Pensions. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Encouraging More Proxy voting by Organized Workers, Employees, and Retirement Savers Act

Plain summary

Encouraging More Proxy voting by Organized Workers, Employees, and Retirement Savers Act or the EMPOWERS Act This bill modifies the requirements for single-employer retirement plans with respect to the fiduciaries and proxy voting procedures for such plans. Specifically, it requires the assets of such plans to be held in trust by a joint board of trustees that represents the interests of the employer and the interests of the plan participants and their beneficiaries on an equal basis. Additionally, the trustees of each plan must undergo training and establish proxy voting guidelines for the plan. In exercising a plan's proxy voting rights, a fiduciary may consider (1) the investment objectives of the plan participants and their beneficiaries, and (2) certain effects of negative externalities generated by portfolio companies.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Encouraging More Proxy voting by Organized Workers, Employees, and Retirement Savers Act

Source: Congressional Research Service summary (Introduced in Senate)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Baldwin, Tammy [D-WI] · 6 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Bernard Sanders (I-VT), Elizabeth Warren (D-MA), Jeff Merkley (D-OR), Edward J. Markey (D-MA), Cory A. Booker (D-NJ), Richard Blumenthal (D-CT)

Sponsor's campaign money: Sen. Baldwin, Tammy [D-WI] reported raising $3.5 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong117-s1677 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117