arrow_back Back to App

Congress Disapproves Labor Department's Retirement Investment Rule

The U.S. Congress has rejected new Department of Labor rules on retirement fund investments. This means that previous guidelines on 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 new rules for retirement fund investments.
Existing rules for managing retirement savings remain unchanged.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_SJRES_68
Sponsor: Sen. Braun, Mike [R-IN]
Process start date: 2022-12-15
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

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 "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_SJRES_68.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-12-15.

What are the main provisions?

Key points include:

  • Congress blocked new rules for retirement fund investments.
  • Existing rules 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 Sen. Braun, Mike [R-IN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Labor Economy