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Inflation Estimates for Executive Orders and Pension Investment Rule Disapproval.

This House resolution addresses two key issues: first, it requires the Executive Office of the President to provide inflation estimates for executive orders with significant budget effects. Second, it allows Congress to disapprove a Department of Labor rule concerning prudence and loyalty in selecting plan investments and exercising shareholder rights, potentially impacting how your retirement savings are managed.
Key points
Mandates inflation estimates for significant executive orders, aiming for greater transparency in government financial decisions.
Enables Congress to block a Department of Labor rule on pension fund investments, which could affect the security and growth of your retirement savings.
Increases congressional oversight over executive actions and regulations impacting public finances and private savings.
article Official text account_balance Process page
VOTING RESULTS
2023-02-28
51%
For 216
Against 205
Abstain 0
Full voting results open_in_new
Adopted
Citizen Poll
No votes cast
Additional Information
Print number: 118_HRES_166
Sponsor: Rep. Burgess, Michael C. [R-TX-26]
Process start date: 2023-02-27
Voting date: 2023-02-28
Meeting no: 1
Voting no: 123
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Providing for consideration of the bill (H.R. 347) to require the Executive Office of the President to provide an inflation estimate with respect to Executive orders with a significant effect on the annual gross budget, and for other purposes, and providing for consideration of the joint resolution (H.J. Res. 30) 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 118_HRES_166.

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 2023-02-27.

What are the main provisions?

Key points include:

  • Mandates inflation estimates for significant executive orders, aiming for greater transparency in government financial decisions.
  • Enables Congress to block a Department of Labor rule on pension fund investments, which could affect the security and growth of your retirement savings.
  • Increases congressional oversight over executive actions and regulations impacting public finances and private savings.
What is the specific legal status?

The current status is Adopted.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Burgess, Michael C. [R-TX-26].

What is the latest detailed status?

The latest detailed status is: On agreeing to the resolution Agreed to by recorded vote: 216 - 205 (Roll No. 123). (text: CR H924)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy Labor Public Investments