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 the definition of the term "fiduciary" and the conflict of interest rule with respect to retirement investment advice.

Summary

This joint resolution disapproves and nullifies a Department of Labor rule published on April 8, 2016, relating to the definition of the term "fiduciary" and the conflict of interest rule with respect to retirement investment advice. (The rule defines who is a fiduciary with respect to pension and retirement plans. Under current law, a person who provides investment advice has a fiduciary obligation that requires the person to provide advice in the sole interest of plan participants and beneficiaries. The rule changes the definition of "investment advice" to treat people who provide investment advice to pension and retirement plans for a fee or other compensation as fiduciaries in a wider array of advice relationships.)

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 18 April 2016

   Introduced

   Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

   Source: IntroReferral

2. 18 April 2016

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 18 April 2016 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 18 April 2016

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 18 April 2016

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 18 April 2016

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Isakson, Johnny [R-GA] · R · Sponsor
• Sen. Alexander, Lamar [R-TN] · R · Sponsor
• Sen. Enzi, Michael B. [R-WY] · R · Sponsor
• Sen. Ayotte, Kelly [R-NH] · R · Sponsor
• Sen. Barrasso, John [R-WY] · R · Sponsor
• Sen. Blunt, Roy [R-MO] · R · Sponsor
• Sen. Boozman, John [R-AR] · R · Sponsor
• Sen. Capito, Shelley Moore [R-WV] · R · Sponsor
• Sen. Cassidy, Bill [R-LA] · R · Sponsor
• Sen. Coats, Daniel [R-IN] · R · Sponsor
• Sen. Cochran, Thad [R-MS] · R · Sponsor
• Sen. Crapo, Mike [R-ID] · R · Sponsor
• Sen. Daines, Steve [R-MT] · R · Sponsor
• Sen. Ernst, Joni [R-IA] · R · Sponsor
• Sen. Fischer, Deb [R-NE] · R · Sponsor
• Sen. Hatch, Orrin G. [R-UT] · R · Sponsor
• Sen. Inhofe, James M. [R-OK] · R · Sponsor
• Sen. Johnson, Ron [R-WI] · R · Sponsor
• Sen. Kirk, Mark Steven [R-IL] · R · Sponsor
• Sen. Lankford, James [R-OK] · R · Sponsor
• Sen. Lee, Mike [R-UT] · R · Sponsor
• Sen. McConnell, Mitch [R-KY] · R · Sponsor
• Sen. Moran, Jerry [R-KS] · R · Sponsor
• Sen. Murkowski, Lisa [R-AK] · R · Sponsor
• Sen. Paul, Rand [R-KY] · R · Sponsor
• Sen. Perdue, David [R-GA] · R · Sponsor
• Sen. Roberts, Pat [R-KS] · R · Sponsor
• Sen. Rubio, Marco [R-FL] · R · Sponsor
• Sen. Thune, John [R-SD] · R · Sponsor
• Sen. Tillis, Thomas [R-NC] · R · Sponsor
• Sen. Vitter, David [R-LA] · R · Sponsor
• Sen. Wicker, Roger F. [R-MS] · R · Sponsor
• Sen. Scott, Tim [R-SC] · R · Sponsor
• Sen. Sasse, Ben [R-NE] · R · Sponsor
• Sen. Rounds, Mike [R-SD] · R · Cosponsor
• Sen. Corker, Bob [R-TN] · R · Cosponsor
• Sen. Cruz, Ted [R-TX] · R · Cosponsor
• Sen. Heller, Dean [R-NV] · R · Cosponsor
• Sen. Cornyn, John [R-TX] · R · Cosponsor
• Sen. Gardner, Cory [R-CO] · R · Cosponsor
• Sen. McCain, John [R-AZ] · R · Cosponsor
• Sen. Flake, Jeff [R-AZ] · R · Cosponsor
• · sshr00 · Standing

Related records

• related to ← Disapproving the rule submitted by the Department of Labor relating to the definition of the term "Fiduciary".
• related to ← Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to defining and delimiting the exemptions for executive, administrative, professional, outside sales, and computer employees.