SJRES 68
117th Congress
Senate
Labor and Employment
Administrative law and regulatory procedures
Business ethics
Climate change and greenhouse gases
Congressional oversight
Department of Labor
Employee benefits and pensions
Financial services and investments
A joint resolution 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".
Introduced: December 15, 2022
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 15, 2022
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Dec 15, 2022
Introduced in Senate
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Committees of jurisdiction
1