H.J.Res. 88 — 114th Congress
Disapproving the rule submitted by the Department of Labor relating to the definition of the term "Fiduciary".
Sponsor
More bills from this sponsor
114th Congress| Measure | Title |
|---|---|
| H.R. 6416 · Armed Forces and National Security | Jeff Miller and Richard Blumenthal Veterans Health Care and Benefits Improvement Act of 2016 |
| H.R. 1190 · Health | Protecting Seniors' Access to Medicare Act of 2015 |
Latest action
Jun 22, 2016Motion 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.
CRS summary
As of May 24, 2016Passed Senate without amendment
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
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.)
Congressional Research Service, via api.congress.gov (public domain)
Roll-call votes
4 on record| Date | Chamber | Question | Result |
|---|---|---|---|
| Jun 22, 2016 | House | On passage, the objections of the President to the contrary notwithstanding | Failed (239–180) |
| Jun 22, 2016 | House | On Ordering the Previous Question | Passed (229–175) |
| May 24, 2016 | Senate | On the Joint Resolution | Joint Resolution Passed (56–41) |
| Apr 28, 2016 | House | On Passage | Passed (234–183) |
Member pages currently show roll-call votes from the 119th Congress only. The “Member pages” column marks votes from that congress.