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".

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.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 December 2022

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• Introduced in House (PDF)

  Introduced in House · EN · 20 December 2022

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 20 December 2022

  Open at official source

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