Disapproving the rule submitted by the Department of Labor relating to the definition of the term "Fiduciary".

Bill Number

HJRES 88

Introduced

Apr 19, 2016

Latest Action

Motion to refer the bill and accompanying veto message to the Committee on Education and the Workforce. The Chair direc ...

Sponsor

Cosponsors

Topics

Administrative law and regulatory procedures Congressional oversight Department of Labor Employee benefits and pensions Financial services and investments Labor and Employment

Full Text

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Votes

Summary

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

This joint resolution disapproves and nullifies a Department of Labor rule published on April 8, 2016, relating to the definition of the term "fiduciary" and the conflict of interest rule with respect to retirement investment advice.

(The rule defines who is a fiduciary with respect to pension and retirement plans. Under current law, a person who provides investment advice has a fiduciary obligation that requires the person to provide advice in the sole interest of plan participants and beneficiaries. The rule changes the definition of "investment advice" to treat people who provide investment advice to pension and retirement plans for a fee or other compensation as fiduciaries in a wider array of advice relationships.)

Actions

Jun 22, 2016

Motion to refer the bill and accompanying veto message to the Committee on Education and the Workforce. The Chair directed the Clerk to notify the Senate of the action of the House.
Jun 22, 2016

On passage, the objections of the President to the contrary notwithstanding Failed by the Yeas and Nays: (2/3 required): 239 - 180 (Roll no. 338).
Jun 22, 2016

Failed of passage in House over veto: On passage, the objections of the President to the contrary notwithstanding Failed by the Yeas and Nays: (2/3 required): 239 - 180 (Roll no. 338).
Jun 22, 2016

The previous question on the motion to refer the bill and Agreed to by recorded vote: 229 - 175, 2 Present (Roll no. 337). (consideration: CR H4125)
Jun 22, 2016

DEBATE - The House proceeded with one hour of debate on the question of passage of H.J. Res. 88, the objections of the President to the contrary, notwithstanding.
Jun 22, 2016

Pursuant to the order of the House of June 8, 2016, the unfinished business is the further consideration of the veto message of the President on House Joint Resolution 88. (consideration: CR H4125-4126)
Jun 22, 2016

The Chair announced the unfinished business to be the consideration of the veto.
Jun 8, 2016

POSTPONED CONSIDERATION OF VETO MESSAGE - Pursuant to a previous order of the House, the Chair announced that further consideration of the veto message on H.J. Res. 88 shall be postponed until the legislative day of Wednesday, June 22, 2016; and that on that legislative day, the House shall proceed to the constitutional question of reconsideration and dispose of such question without intervening motion.
Jun 8, 2016

The Chair announced that the objections of the President to H.J.Res. 88 would be spread at large upon the Journal and the veto message would be printed as a House document (114-140).
Jun 8, 2016

The Chair laid before the House the veto message from the President. (consideration: CR H3537-3538)
Jun 8, 2016

Vetoed by President.
Jun 8, 2016

POSTPONED PROCEEDINGS ON VETO MESSAGE - Mr. Sessions asked unanimous consent that when a veto message on House Joint Resolution 88 is laid before the House on the legislative day of June 8, 2016, after the message is read and the objections of the President are spread at large upon the Journal, further consideration of the veto message and the joint resolution shall be postponed until the legislative day of Wednesday, June 22, 2016; and that on that legislative day, the House shall proceed to the constitutional question of reconsideration and dispose of such question without intervening motion. Agreed to without objection.
Jun 7, 2016

Presented to President.
May 24, 2016

Message on Senate action sent to the House.
May 24, 2016

Passed Senate without amendment by Yea-Nay Vote. 56 - 41. Record Vote Number: 84.
May 24, 2016

Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 56 - 41. Record Vote Number: 84.
May 24, 2016

Measure laid before Senate by motion. (consideration: CR S3065-3084)
May 24, 2016

Motion to proceed to consideration of measure agreed to in Senate by Voice Vote. (consideration: CR S3065)
May 24, 2016

Motion to proceed to consideration of measure made in Senate. (consideration: CR S3065; text: CR S3065)
May 9, 2016

Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 460.
Apr 28, 2016

Motion to reconsider laid on the table Agreed to without objection.
Apr 28, 2016

On passage Passed by the Yeas and Nays: 234 - 183 (Roll no. 176). (text: CR H2081)
Apr 28, 2016

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 234 - 183 (Roll no. 176).(text: CR H2081)
Apr 28, 2016

POSTPONED PROCEEDINGS - At the conclusion of debate on H.J.Res. 88, the Chair put the question on passage of the bill and by voice vote, announced that the ayes had prevailed. Mr. Scott (VA) demanded the yeas and nays and the Chair postponed further proceedings on passage of H.J.Res 88 until later in the legislative day.
Apr 28, 2016

The previous question was ordered pursuant to the rule. (consideration: CR H2092)
Apr 28, 2016

DEBATE - The House proceeded with one hour of debate on H.J. Res. 88.
Apr 28, 2016

Resolution provides for consideration of H.R. 4901 and H.J. Res. 88.
Apr 28, 2016

Considered under the provisions of rule H. Res. 706. (consideration: CR H2081-2093)
Apr 28, 2016

Rule H. Res. 706 passed House.
Apr 27, 2016

Rules Committee Resolution H. Res. 706 Reported to House. Resolution provides for consideration of H.R. 4901 and H.J. Res. 88.
Apr 26, 2016

Placed on the Union Calendar, Calendar No. 407.
Apr 26, 2016

Committee on Ways and Means discharged.
Apr 26, 2016

Reported by the Committee on Education and the Workforce. H. Rept. 114-527, Part I.
Apr 21, 2016

Ordered to be Reported by the Yeas and Nays: 22 - 14.
Apr 21, 2016

Committee Consideration and Mark-up Session Held.
Apr 19, 2016

Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 19, 2016

Introduced in House

Amendments

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