Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to "Amendment to Prohibited Transaction Exemption 2020-02".

HJRES 140 is a resolution requesting Congress to disapprove a Department of Labor rule that amended Prohibited Transaction Exemption 2020-02. The rule, published in the Federal Register on April 25, 2024, would have changed how retirement plan fiduciaries can engage in certain investment transactions, specifically affecting retirement account providers and administrators. If approved, this resolution would block the rule from taking effect, directly impacting entities managing retirement funds that rely on the exemption framework. The bill uses the statutory disapproval process under Chapter 8 of Title 5, U.S. Code, to halt the rule’s implementation.