HJRES 30 · 118th Congress · Labor and Employment
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".
Bill Progress
1
Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: The Chair directed the Clerk to notify the Senate of the action of the House.(2023-03-23)
Recorded Votes
PassedSenate · 2023-03-01
Roll #35 ↗Yea 50Nay 46
PassedSenate · 2023-03-01
Roll #35 ↗Yea 50Nay 46
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Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.J. Res. 30, 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"
Feb 27, 2023As posted on the Website of the House Committee on Rules on February 23, 2023
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (20)
20 Republicans