About the resolution
H.J.Res. 66 disapproves and nullifies the rule issued by the Department of Labor on August 30, 2016, establishing a “safe harbor” from the Employee Retirement Income Security Act for government-run IRAs managed by states for private sector workers.
Under the final rule, states will not have to comply with the fiduciary oversight and other protections of ERISA that ensure that workers’ savings are available to provide a secure retirement. In addition, the rule will result in overlapping and inconsistent requirements for employers operating in multiple states, disregarding ERISA ...
Sponsor and status
Sponsor. Representative for Michigan's 7th congressional district. Republican.
Last Updated: May 5, 2017
Length: 1 pages
Feb 7, 2017
115th Congress, 2017–2019
Enacted — Signed by the President on May 17, 2017
This resolution was enacted after being signed by the President on May 17, 2017.
H.J.Res. 66 is a joint resolution in the United States Congress.
A joint resolution is often used in the same manner as a bill. If passed by both the House and Senate in identical form and signed by the President, it becomes a law. Joint resolutions are also used to propose amendments to the Constitution.
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GovTrack.us. (2018). H.J.Res. 66 — 115th Congress: Disapproving the rule submitted by the Department of Labor relating to savings arrangements established by ... Retrieved from https://www.govtrack.us/congress/bills/115/hjres66
“H.J.Res. 66 — 115th Congress: Disapproving the rule submitted by the Department of Labor relating to savings arrangements established by ...” www.GovTrack.us. 2017. September 25, 2018 <https://www.govtrack.us/congress/bills/115/hjres66>
Disapproving the rule submitted by the Department of Labor relating to savings arrangements established by States for non-governmental employees, Pub. L. No. 115-35, H.R.J. Res. 66, 115th Cong. (2017).
|title=H.J.Res. 66 (115th)
|accessdate=September 25, 2018
|author=115th Congress (2017)
|date=February 7, 2017
|quote=Disapproving the rule submitted by the Department of Labor relating to savings arrangements established by ...
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