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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" - National Key Vote

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Title: 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"

Vote Smart's Synopsis:

Vote to adopt a joint resolution that repeals the Department of Labor rule issued on December 1, 2022 concerning fiduciary duties with respect to employee benefit plans. Which stated that fiduciaries could consider climate change and environmental, social, and governance factors when making investment decisions, and exercising shareholder rights, including voting on shareholder resolutions and board nominations.

NOTE: RESOLUTIONS ARE USED PRIMARILY TO EXPRESS THE SENSE OF THE CHAMBER THAT THEY ARE INTRODUCED OR PASSED IN. THEY ONLY HAVE THE FORCE OF THE CHAMBER PASSING IT. THEY ARE NOT SIGNED BY THE PRESIDENT AND CAN NOT BECOME PUBLIC LAW.

Full Bill Text

Title: 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"

NOTE: RESOLUTIONS ARE USED PRIMARILY TO EXPRESS THE SENSE OF THE CHAMBER THAT THEY ARE INTRODUCED OR PASSED IN. THEY ONLY HAVE THE FORCE OF THE CHAMBER PASSING IT. THEY ARE NOT SIGNED BY THE PRESIDENT AND CAN NOT BECOME PUBLIC LAW.

Full Bill Text

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