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".

S.J.Res. 8 in the 118th Congress (2023–2024) was introduced on Feb 7, 2023, sponsored by Mike Braun with 49 co-sponsors.

During the 118th Congress (2023–2024), Joe Biden was president, and Republicans held the House majority and Democrats the Senate majority.

Status: Introduced
Introduced: Feb 7, 2023
Co-sponsors: 49
Policy area: Labor and Employment

What it does

This joint resolution nullifies a Department of Labor rule concerning the fiduciary duties with respect to employee benefit plans. Under the rule issued on December 1, 2022, plan fiduciaries may consider climate change and other environmental, social, and governance factors when they make investment decisions and when they exercise shareholder rights, including voting on shareholder resolutions and board nominations.

Summary by the nonpartisan Congressional Research Service.

Sponsor

Mike Braun (R-IN). Co-sponsors: 1 Democrat, 48 Republicans.

Where it stands

IntroducedFeb 7, 2023
Passed the Senate—
Passed the House—
Sent to the President—
Became law—

Latest action: Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Feb 7, 2023)

More bills from Mike Braun in the 118th Congress

Other Labor and Employment bills in the 118th Congress

Committees

Health, Education, Labor, and Pensions Committee

From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.

Cite or embed this page

Capitol Receipts, “S.J.Res. 8 (118th Congress): A joint resolution providing for…,” https://www.capitolreceipts.com/bill/118-sjres-8/a-joint-resolution-providing-for-congressional-disapproval-under-chapt (accessed 2026-10-17).