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 "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights".

referredUnited States· United States Congress· EN

Introduced

7 February 2023

Last action

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Status

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

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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Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 7 February 2023
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Introduced in Senate (PDF)
Introduced in Senate · EN · 7 February 2023
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Introduced in Senate
summary · EN · 7 February 2023
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Sources

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Official source: https://www.congress.gov/bill/118th-congress/senate-joint-resolution/8
Open data entity: https://api.congress.gov/v3/bill/118/sjres/8