H.R. 10702
Workers’ Retirement Savings Protection Act of 2026
Summary:
• The "Workers' Retirement Savings Protection Act of 2026" amends ERISA to classify anyone who provides individualized retirement investment advice for compensation as a fiduciary
• The bill broadly defines "fee or other compensation" to include commissions, loads, revenue sharing, marketing fees, mark-ups/mark-downs, gifts, and other non-cash compensation from any source
• The bill explicitly nullifies the existing federal regulation at 29 C.F.R. Section 2510.3-21(c)
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• The bill broadly defines "fee or other compensation" to include commissions, loads, revenue sharing, marketing fees, mark-ups/mark-downs, gifts, and other non-cash compensation from any source
• The bill explicitly nullifies the existing federal regulation at 29 C.F.R. Section 2510.3-21(c)
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