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S.J.Res. 8: 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”.

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About the resolution

The last person to issue zero vetoes during their entire presidency was James Garfield in the 1880s.

Context

An investing approach nicknamed ESG (environmental, social, and governance) has gained popularity in recent years, primarily on the left.

The approach seeks to incorporate non-monetary factors when deciding whether to invest in a corporation, such as a company’s greenhouse gas emissions and contributions to climate change, the ratio of the top executive’s pay to the median employee, or the percentage of women serving on the Board of Directors.

In November 2020, the Trump administration’s Labor Department finalized a rule making it harder for financial advisers and managers to incorporate ESG considerations when running a client’s 401(k) or retirement account. The rule was officially titled “Financial Factors in Selecting Plan Investments.”

In …

Sponsor and status

Mike Braun

Sponsor. Junior Senator for Indiana. Republican.

Read Text »
Last Updated: Feb 7, 2023
Length: 2 pages
Introduced
Feb 7, 2023
118th Congress (2023–2025)
Status

Introduced on Feb 7, 2023

This resolution is in the first stage of the legislative process. It was introduced into Congress on February 7, 2023. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Cosponsors

49 Cosponsors (48 Republicans, 1 Democrat)

Source

History

Feb 7, 2023
 
Introduced

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

If this resolution has further action, the following steps may occur next:
 
Passed Committee

 
Passed Senate

 
Passed House

 
Signed by the President

S.J.Res. 8 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.

Resolutions numbers restart every two years. That means there are other resolutions with the number S.J.Res. 8. This is the one from the 118th Congress.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“S.J.Res. 8 — 118th Congress: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States ….” www.GovTrack.us. 2023. March 26, 2023 <https://www.govtrack.us/congress/bills/118/sjres8>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.