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 Exemptions 75-1, 77-4, 80-83, 83-1, and 86-128".
HJRES 143 is a congressional resolution seeking to block a Department of Labor rule that would amend specific exemptions for retirement investment transactions. The bill targets a rule (published April 25, 2024) that would change how retirement funds can invest, particularly affecting retirement plan providers and fiduciaries managing employee savings. It directs Congress to disapprove the rule under a specific federal law, meaning the rule would not take effect if passed. This is a procedural step to halt the rule's implementation, not a new policy change.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2024
Committee Review
Floor Vote
President
Introduced May 15, 2024
Last action May 15, 2024
Floor votes
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No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 15, 2024
Committee
Referred to the House Committee on Education and the Workforce.
lower
May 15, 2024
Introduced
Introduced in House
lower
1 primary · 46 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Rick W. Allen
RRepublican
Co
Aaron Bean
RRepublican
Co
Andrew Ogles
RRepublican
Co
Andrew R. Garbarino
RRepublican
Co
Andy Barr
RRepublican
Co
Ann Wagner
RRepublican
Co
Austin Scott
RRepublican
Co
Beth Van Duyne
RRepublican
Co
Bob Good
RRepublican
Co
Brad Finstad
RRepublican
Co
Bruce Westerman
RRepublican
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