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H.J.Res. 67 (115th): Disapproving the rule submitted by the Department of Labor relating to savings arrangements established by qualified State political subdivisions for non-governmental employees.

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About the resolution

Source: Republican Policy Committee

H.J.Res. 67 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 and certain political subdivisions for private sector workers.

Under the final rule, cities and large political subdivisions 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 jurisdictions, even within a state, disregarding ERISA’s statutory preemption of state and local laws affecting employee benefit plans.

Sponsor and status

Photo of sponsor Francis Rooney

Francis Rooney

Sponsor. Representative for Florida's 19th congressional district. Republican.

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Last Updated: Mar 30, 2017
Length: 1 page
Introduced
Feb 7, 2017
115th Congress (2017–2019)
Status

Enacted — Signed by the President on Apr 13, 2017

This resolution was enacted after being signed by the President on April 13, 2017.

Law
Pub.L. 115-24
Cosponsors

7 Cosponsors (7 Republicans)

Source
Congress.gov

History

Feb 7, 2017
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

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Feb 15, 2017
 
Passed House (Senate next)

The resolution was passed in a vote in the House. It goes to the Senate next.

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Mar 30, 2017
 
Passed Senate

The bill was passed by both chambers in identical form. It goes to the President next who may sign or veto the bill.

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Apr 13, 2017
 
Enacted — Signed by the President

The President signed the bill and it became law.

H.J.Res. 67 (115th) was 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.

Resolutions numbers restart every two years. That means there are other resolutions with the number H.J.Res. 67. This is the one from the 115th Congress.

This joint resolution was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.

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