Bill 117 SJRes 68 is a joint resolution that aims to disapprove a rule submitted by the Department of Labor regarding "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights." The rule in question falls under chapter 8 of title 5, United States Code.
The resolution seeks to challenge the Department of Labor's regulation, which outlines guidelines for selecting plan investments and exercising shareholder rights. Critics of the rule argue that it may impose unnecessary burdens on employers and plan fiduciaries, potentially hindering their ability to make sound investment decisions.
Supporters of the resolution believe that the rule could lead to increased costs and regulatory complexity for retirement plans, ultimately harming the financial well-being of workers and retirees. They argue that the rule may also infringe on the rights of plan fiduciaries to act in the best interests of their beneficiaries.
Overall, Bill 117 SJRes 68 is a contentious piece of legislation that highlights the ongoing debate surrounding the Department of Labor's regulations on plan investments and shareholder rights. It will be interesting to see how Congress ultimately decides to address this issue.