Senate Joint Resolution 8
118th Congress(2023-2024)
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
Introduced in Senate on Feb 7, 2023
Origin Chamber
Senate
Type
Joint Resolution
Joint Resolution
A form of legislative measure used to propose changes in law, or to propose an amendment to the U.S. Constitution. Depending on the chamber of origin, they begin with a designation of either H.J.Res. or S.J.Res. Concurrent resolutions and simple resolutions are other types of resolutions. Bill is another form of legislative measure used to propose law.
Bill Number
8
Congress
118
Policy Area
Labor and Employment
Labor and Employment
Primary focus of measure is matters affecting hiring and composition of the workforce, wages and benefits, labor-management relations; occupational safety, personnel management, unemployment compensation. Measures concerning public-sector employment may fall under Government Operations and Politics policy area.
Mike Braun
grade
Indiana
Alabama
Alabama
Alaska
Alaska
Arkansas
Arkansas
Florida
Florida
Idaho
Idaho
Indiana
Iowa
Iowa
Kansas
Kansas
Kentucky
Kentucky
Louisiana
Louisiana
Maine
Mississippi
Mississippi
Missouri
Missouri
Montana
Nebraska
Nebraska
North Carolina
North Carolina
North Dakota
North Dakota
Ohio
Oklahoma
Oklahoma
South Carolina
South Carolina
South Dakota
South Dakota
Tennessee
Tennessee
Texas
Texas
Utah
Utah
West Virginia
West Virginia
Wisconsin
Wyoming
Wyoming
No Senate votes have been held for this bill.
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.
February 7, 2023
02/07/2023
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
02/07/2023
Introduced in Senate
Public Record
Record Updated
Apr 17, 2024 11:51:48 PM