US Congress Senate Joint Resolution 33 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 42-0)
Status: Introduced on April 18 2016 - 25% progression, died in committee
Action: 2016-04-18 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]

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 the definition of the term "fiduciary" and the conflict of interest rule with respect to retirement investment advice. This joint resolution disapproves and nullifies a Department of Labor rule published on April 8, 2016, relating to the definition of the term "fiduciary" and the conflict of interest rule with respect to retirement investment advice. (The rule defines who is a fiduciary with respect to pension and retirement plans. Under current law, a person who provides investment advice has a fiduciary obligation that requires the person to provide advice in the sole interest of plan participants and beneficiaries. The rule changes the definition of "investment advice" to treat people who provide investment advice to pension and retirement plans for a fee or other compensation as fiduciaries in a wider array of advice relationships.)

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 the definition of the term "fiduciary" and the conflict of interest rule with respect to retirement investment advice.

Sen. Johnny Isakson [R-GA]	Sen. Lamar Alexander [R-TN]	Sen. Michael Enzi [R-WY]	Sen. Kelly Ayotte [R-NH]
Sen. John Barrasso [R-WY]	Sen. Roy Blunt [R-MO]	Sen. John Boozman [R-AR]	Sen. Shelley Capito [R-WV]
Sen. Bill Cassidy [R-LA]	Sen. Daniel Coats [R-IN]	Sen. Thad Cochran [R-MS]	Sen. Mike Crapo [R-ID]
Sen. Steve Daines [R-MT]	Sen. Joni Ernst [R-IA]	Sen. Deb Fischer [R-NE]	Sen. Orrin Hatch [R-UT]
Sen. James Inhofe [R-OK]	Sen. Ron Johnson [R-WI]	Sen. Mark Kirk [R-IL]	Sen. James Lankford [R-OK]
Sen. Mike Lee [R-UT]	Sen. Mitch McConnell [R-KY]	Sen. Jerry Moran [R-KS]	Sen. Lisa Murkowski [R-AK]
Sen. Rand Paul [R-KY]	Sen. David Perdue [R-GA]	Sen. Pat Roberts [R-KS]	Sen. Marco Rubio [R-FL]
Sen. John Thune [R-SD]	Sen. Thom Tillis [R-NC]	Sen. David Vitter [R-LA]	Sen. Roger Wicker [R-MS]
Sen. Tim Scott [R-SC]	Sen. Ben Sasse [R-NE]	Sen. Mike Rounds [R-SD]	Sen. Bob Corker [R-TN]
Sen. Ted Cruz [R-TX]	Sen. Dean Heller [R-NV]	Sen. John Cornyn [R-TX]	Sen. Cory Gardner [R-CO]
Sen. John McCain [R-AZ]	Sen. Jeff Flake [R-AZ]

Date	Chamber	Action
2016-04-18	Senate	Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

HJR88 (Related) 2016-06-22 - Motion to refer the bill and accompanying veto message to the Committee on Education and the Workforce. The Chair directed the Clerk to notify the Senate of the action of the House.
SJR34 (Related) 2016-06-07 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-joint-resolution/33/all-info
Text	https://www.congress.gov/114/bills/sjres33/BILLS-114sjres33is.pdf