arrow_back Back to App

Congress Disapproves New Retirement Fund Investment Rules

The U.S. Congress has rejected new Department of Labor rules on retirement fund investments. This means that previous guidelines regarding prudence and loyalty in selecting investments and exercising shareholder rights remain in effect, potentially impacting how citizens' retirement savings are managed.
Key points
Congress blocked the implementation of new rules for retirement fund investments.
Existing guidelines for managing retirement savings remain unchanged.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HJRES_104
Sponsor: Rep. Finstad, Brad [R-MN-1]
Process start date: 2022-12-20
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

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".

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HJRES_104.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-12-20.

What are the main provisions?

Key points include:

  • Congress blocked the implementation of new rules for retirement fund investments.
  • Existing guidelines for managing retirement savings remain unchanged.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Finstad, Brad [R-MN-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and Labor.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Labor Economy