H.J.Res. 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".
What it does
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.
Summary by the Congressional Research Service, Mar 1, 2023 (Passed Senate). CRS summarizes bills impartially; it does not take positions.
Roll call votes
| Date | Question | Party split (yea) | Result |
|---|---|---|---|
| Feb 28, 2023 House roll 123 |
On PassageProviding 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” | D 1–204 · R 215–0 |
Passed 216–204 |
| Mar 1, 2023 Senate roll 35 |
On the Joint ResolutionA 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". | D 2–43 · R 48–0 · I 0–3 |
Passed 50–46 |
| Mar 23, 2023 House roll 148 |
Passage, Objections of the President To The Contrary NotwithstandingProviding 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” | D 1–200 · R 218–0 |
Failed 219–200 |
Latest action
Mar 23, 2023 · The Chair directed the Clerk to notify the Senate of the action of the House.