H.J.Res. 30 explained · 118th Congress · Not enacted (118th Congress ended)
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".
Cosponsors: 119 (0 D, 119 R) · per Congress.gov, 2026-10-11
Introduced: 2023-02-07
Latest action (2023-03-23): The Chair directed the Clerk to notify the Senate of the action of the House.
What H.J.Res. 30 does, in plain terms
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.
Official summary by the Congressional Research Service, via Congress.gov.
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