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".

Introduced 2023-02-07· Sponsored by Rep. Barr, Andy [R-KY-6]· House

Bill Progress

1
Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: The Chair directed the Clerk to notify the Senate of the action of the House.(2023-03-23)

Recorded Votes

FailedHouse · 2023-03-23
Roll #149
Yea 219Nay 200
Democrats
1 Yea·200 Nay
Republicans
218 Yea·0 Nay
FailedHouse · 2023-03-23
Roll #149
Yea 219Nay 200
Democrats
1 Yea·200 Nay
Republicans
218 Yea·0 Nay
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

[AI summary unavailable — showing source text] 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 Office

H.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, 2023

As 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