I 
117TH CONGRESS 
1ST SESSION H. R. 5334 
To create portable retirement and investment accounts for all Americans, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 22, 2021 
Mr. HIMES introduced the following bill; which was referred to the Committee 
on Ways and Means 
A BILL 
To create portable retirement and investment accounts for 
all Americans, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Portable Retirement 
and Investment Account Act of 2021’’ or the ‘‘PRIA Act 
of 2021’’. 
SEC. 2. PORTABLE RETIREMENT AND INVESTMENT BOARD. 
(a) ESTABLISHMENT.—There is established a Port-
able Retirement and Investment Board (referred to in this 
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Act as the ‘‘Board’’) to be headed by a Director (referred 
to in this Act as the ‘‘Director’’). 
(b) MEMBERSHIP.— 
(1) IN GENERAL.—The Board shall consist of— 
(A) 3 members appointed by the Secretary 
of the Treasury; 
(B) 3 members appointed by the Secretary 
of Labor; 
(C) 2 members appointed by the Pension 
Benefit Guaranty Corporation; and 
(D) 1 member appointed by the Director of 
the Bureau of Consumer Financial Protection. 
(2) DEADLINE
FOR
APPOINTMENT.—The ap-
pointments described under paragraph (1) shall be 
made not later than 1 year after the date of the en-
actment of this Act. 
(3) LIMITATION.—In making appointments 
under paragraph (1), the officials making such ap-
pointments shall coordinate to ensure that not more 
than 5 members of the same political party may 
serve on the Board at the same time. 
(4) TERMS OF OFFICE.—Each member of the 
Board shall hold office for a term of 5 years and 
shall continue in office until such member’s suc-
cessor is appointed in the same manner as the origi-
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nal appointment was made. The terms of office of 
the members of the Board first taking office after 
the date of the enactment of this Act shall expire as 
follows: 1 at the end of 1 year, 2 at the end of 2 
years, 2 at the end of 3 years, 2 at the end of 4 
years, and 2 at the end of 5 years. 
(5) VACANCIES.—Each member of the Board 
shall continue in office until a successor is appointed 
in the same manner as the original appointment was 
made. Any vacancy on the Board shall be filled in 
the same manner as the initial appointment was 
made, and members of the Board appointed to fill 
vacancies shall be appointed for the remainder of 
such term. 
(c) DIRECTOR.— 
(1) IN GENERAL.—The Director shall be se-
lected by the President from among the members of 
the Board. 
(2) AUTHORITY TO ISSUE REGULATIONS.—The 
Director is authorized to issue such regulations or 
other guidance as the Director determines are nec-
essary to carry out the purposes of this Act. 
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