Providing for consideration of the bill (H.R. 347) to require the Executive Office of the President to provide an inflation estimate with respect to Executive orders with a significant effect on the annual gross budget, and for other purposes, and providing for consideration of the joint resolution (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".

What it does

• H.R. 347 (Reduce Exacerbated Inflation Negatively Impacting the Nation Act, which requires the Office of Management and Budget and the President's Council of Economic Advisors to provide an inflation estimate for each executive order that is projected to cause an annual gross budgetary or economic effect of at least $1 million), and

• H.J. Res 30 (nullifies a Department of Labor rule that permits fiduciaries of employee benefit plans to consider climate change and other environmental, social, and governance factors in investment decisions or when exercising shareholder rights).

Summary by the Congressional Research Service, Feb 28, 2023 (Passed House). CRS summarizes bills impartially; it does not take positions.