About the resolution
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
Sponsor. Representative for Florida's 19th congressional district. Republican.
Last Updated: Mar 30, 2017
Length: 1 page
Statement of Administration Policy
What legislators are saying
“Sessions Votes to Block Government Takeover of Retirement Savings”
— Rep. Pete Sessions [R-TX17] (Co-sponsor) on Feb 15, 2017
“Inhofe Votes to Stop Burdensome DOL Retirement Rule”
— Sen. James “Jim” Inhofe [R-OK] on Mar 30, 2017
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.
How to cite this information.
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GovTrack.us. (2021). H.J.Res. 67 — 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/hjres67
“H.J.Res. 67 — 115th Congress: Disapproving the rule submitted by the Department of Labor relating to savings arrangements established by ...” www.GovTrack.us. 2017. July 28, 2021 <https://www.govtrack.us/congress/bills/115/hjres67>
Disapproving the rule submitted by the Department of Labor relating to savings arrangements established by qualified State political subdivisions for non-governmental employees, Pub. L. No. 115-24, H.R.J. Res. 67, 115th Cong. (2017).
|title=H.J.Res. 67 (115th)
|accessdate=July 28, 2021
|author=115th Congress (2017)
|date=February 7, 2017
|quote=Disapproving the rule submitted by the Department of Labor relating to savings arrangements established by ...
Where is this information from?
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