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 "Retirement Security Rule: Definition of an Investment Advice Fiduciary".

SJRES 79 is a joint resolution that would block a Department of Labor rule published in April 2024. The rule would have required financial advisors to act in the best interest of retirement account holders when providing investment advice, expanding the scope of who must meet this standard. If passed, the resolution would prevent the rule from taking effect by invoking a congressional disapproval process under Title 5, U.S. Code. This directly affects retirement advisors and the standards they must follow when giving retirement investment guidance.