United States · Amendment · HAMDT

HAMDT 777 (104th)

An amendment in the nature of a substitute to replace the language of the bill with provisions intended to ensure that the Labor Department remains neutral with respect to economically targeted investments (ETIs). The amendment would specify that the Department of Labor's Interpretive Bulletin 94-1 should be construed as neither advocating nor discouraging economically targeted investments. The substitute would also prohibit the Labor Department from issuing any rule, regulation, or interpretive bulletin which would promote or discourage ETIs as a specified class of investment. The amendment prohibits any employee of the Labor Department from travelling, lecturing, or otherwise expending resources available to the Department for the purpose of promoting or discouraging ETIs.