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118-hjres-30Introduced
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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".

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Summary

Official CRS 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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Bill details

Congress
118
Bill type
hjres
Introduced
February 7, 2023
Sponsor
Not yet available
Last action
March 23, 2023— The Chair directed the Clerk to notify the Senate of the action of the House.

The recorded vote

U.S. SenateMar 1, 2023
43Yea36Nay3Not voting
U.S. HouseMar 23, 2023
181Yea165Nay13Not voting

Counted from roll-call records for sitting members · source: congress.gov

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