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H.J.Res. 104 · 117th Congress

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted…

Full title

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights".

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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

No cosponsors.

This joint resolution nullifies a Department of Labor rule concerning the fiduciary duties with respect to employee benefit plans.

What it does: CRS summary · Introduced in House · Dec 20, 2022

This joint resolution nullifies a Department of Labor rule concerning the fiduciary duties with respect to employee benefit plans.

Under the rule issued on December 1, 2022, plan fiduciaries may consider climate change and other environmental, social, and governance factors when they make investment decisions and when they exercise shareholder rights, including voting on shareholder resolutions and board nominations.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights".

Latest action (Dec 20, 2022): Referred to the House Committee on Education and Labor.

Policy area: Labor and Employment · Origin: House · Introduced: Dec 20, 2022

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.