Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to "Retirement Security Rule: Definition of an Investment Advice Fiduciary".

Finance and Financial Sector
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Introduced on May 15, 2024 by Theodore Paul Budd

Cosponsors

Legislation Details

  • The legislation is a joint resolution disapproving a rule submitted by the Department of Labor.
  • The rule in question is titled “Retirement Security Rule: Definition of an Investment Advice Fidiciary.”
  • The resolution seeks to nullify the rule, stating it “shall have no force or effect.”
  • The rule was published in the Federal Register on April 25, 2024, at 89 Fed. Reg. 32122.

Last updated 8/17/2024