118th Congress > House > Vote 123

Date: February 28, 2023

Result: 216-204 (Passed)

Clerk session vote number: 124

Sponsor: BARR, Garland H. (Andy), IV (R-KY)

Bill number: HJRES30

Question: On Passage

Description: 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”

Bill 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.

Bill titles: 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".

Links for more info on the vote: congress.gov

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