{"abstract":"The Department of Labor (Department) in this document proposes amendments to the Investment Duties regulation under Title I of the Employee Retirement Income Security Act of 1974, as amended (ERISA), to clarify the application of ERISA's fiduciary duties of prudence and loyalty to selecting investments and investment courses of action, including selecting qualified default investment alternatives, exercising shareholder rights, such as proxy voting, and the use of written proxy voting policies and guidelines.","action":"Proposed rule.","agencies":[{"raw_name":"DEPARTMENT OF LABOR","name":"Labor Department","id":271,"url":"https://www.federalregister.gov/agencies/labor-department","json_url":"https://www.federalregister.gov/api/v1/agencies/271","parent_id":null,"slug":"labor-department"},{"raw_name":"Employee Benefits Security Administration","name":"Employee Benefits Security Administration","id":131,"url":"https://www.federalregister.gov/agencies/employee-benefits-security-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/131","parent_id":271,"slug":"employee-benefits-security-administration"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2021/10/14/2021-22263.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"2550","title":29}],"citation":"86 FR 57272","comment_url":null,"comments_close_on":"2021-12-13","correction_of":null,"corrections":[],"dates":"Comments on the proposal must be submitted on or before December 13, 2021.","disposition_notes":null,"docket_ids":[],"dockets":[{"supporting_documents":[],"agency_name":"EBSA","documents":[{"comment_count":22394,"comment_start_date":"2021-10-14","updated_at":"2023-02-28T17:20:39.391-05:00","comment_url":"https://www.regulations.gov/commenton/EBSA-2021-0013-0001","allow_late_comments":null,"id":"EBSA-2021-0013-0001","comment_end_date":"2021-12-14","regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":0,"id":"EBSA-2021-0013","title":"Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights"}],"document_number":"2021-22263","effective_on":null,"end_page":57304,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2021/10/14/2021-22263.xml","html_url":"https://www.federalregister.gov/documents/2021/10/14/2021-22263/prudence-and-loyalty-in-selecting-plan-investments-and-exercising-shareholder-rights","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2021-22263?publication_date=2021-10-14","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2021-10-14/2021-22263/mods.xml","not_received_for_publication":null,"page_length":33,"page_views":{"count":36127,"last_updated":"2026-10-23 18:15:05 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2021-10-14/pdf/2021-22263.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2021-22263.pdf?1634138123","publication_date":"2021-10-14","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2021/10/14/2021-22263.txt","regulation_id_number_info":{"1210-AC03":{"issue":"202204","html_url":"https://www.federalregister.gov/regulations/1210-AC03/prudence-and-loyalty-in-selecting-plan-investments-and-exercising-shareholder-rights","title":"Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202204&RIN=1210-AC03&operation=OPERATION_EXPORT_XML","priority_category":"Economically Significant"}},"regulation_id_numbers":["1210-AC03"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1210-AC03/prudence-and-loyalty-in-selecting-plan-investments-and-exercising-shareholder-rights","title":"Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights"},"comments_count":22394,"agency_id":"EBSA","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=EBSA-2021-0013","supporting_documents_count":0,"docket_id":"EBSA-2021-0013","document_id":"EBSA-2021-0013-0001","regulation_id_number":"1210-AC03","title":"Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights","checked_regulationsdotgov_at":"2023-02-28T22:20:38Z"},"regulations_dot_gov_url":null,"significant":true,"signing_date":null,"start_page":57272,"subtype":null,"title":"Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights","toc_doc":"Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights","toc_subject":null,"topics":["Employee benefit plans","Fiduciaries","Investments","Pensions","Reporting and recordkeeping requirements","Securities"],"type":"Proposed Rule","volume":86}