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".
Latest action · Dec 15, 2022 Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Progress
Where this resolution reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedDec 15, 2022
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 4
Members who signed on, in the order they did. All signed on Dec 15, 2022.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-TN | Bill Hagerty | Original | Dec 15, 2022 |
| R-OK | James Lankford | Original | Dec 15, 2022 |
| R-LA | John Kennedy | Original | Dec 15, 2022 |
| R-NC | Richard Burr | Original | Dec 15, 2022 |
Actions 2
Everything that happened, newest first.
- Dec 15, 2022Introduced in Senate
- Dec 15, 2022Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Related bills 2
Companion bills and other measures the record links to this one.
Subjects
Assigned by the Library of Congress. Policy area: Labor and Employment.
Text 1
Each version as it was printed, newest first.
- Dec 15, 2022Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this resolution on Congress.gov and govinfo.gov.