H.J.Res. 30 passed both chambers and was vetoed on Mar 20, 2023
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".
Written by the Congressional Research Service [2]. 59 words.
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.
- Committees
- House Education and Workforce Committee
- Policy area
- Labor and Employment: 17 of 2,258 bills became law, 113th–118th (0.8%)
- Sponsor
- 4 of 203 bills enacted since 2013
- Text versions
- 4, from enrolled bill to received in senate · 40 words
- Subjects
- Administrative law and regulatory proceduresBusiness ethicsClimate change and greenhouse gasesCongressional oversightDepartment of LaborEmployee benefits and pensions +1 more
- Latest action
- Mar 23, 2023: The Chair directed the Clerk to notify the Senate of the action of the House.
- Records
- Congress.gov · Bill text
Each bill appears once, under its strongest link. 2 in all.
Identical or companion · 1
- 118th S.J.Res. 8 A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Depa R · Introduced
Procedural (rules, motions) · 1
- 118th H.Res. 166 Providing for consideration of the bill (H.R. 347) to require the Executive Office of the President to provide an inflation estimate with re R · Agreed to