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Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to "Amendment to Prohibited Transaction Exemption 84-24".

6/12/2024, 8:05 AM

Summary of Bill HJRES 141

Bill 118 hjres 141 is a piece of legislation that aims to disapprove of a rule proposed by the Department of Labor regarding an amendment to Prohibited Transaction Exemption 84-24. The bill falls under chapter 8 of title 5 of the United States Code, which allows Congress to review and potentially reject rules put forth by federal agencies.

The rule in question, Amendment to Prohibited Transaction Exemption 84-24, is a regulation proposed by the Department of Labor that would make changes to how certain financial transactions are handled. The bill seeks to disapprove of this rule, indicating that Congress does not support the proposed changes.

If passed, Bill 118 hjres 141 would effectively block the Department of Labor from implementing the Amendment to Prohibited Transaction Exemption 84-24. This would maintain the current regulations in place and prevent any potential changes from taking effect. Overall, the bill is a straightforward disapproval of a specific rule proposed by the Department of Labor, highlighting the role of Congress in overseeing and potentially rejecting regulations put forth by federal agencies.

Current Status of Bill HJRES 141

Bill HJRES 141 is currently in the status of Bill Introduced since May 15, 2024. Bill HJRES 141 was introduced during Congress 118 and was introduced to the House on May 15, 2024.  Bill HJRES 141's most recent activity was Referred to the House Committee on Education and the Workforce. as of May 15, 2024

Bipartisan Support of Bill HJRES 141

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
72
Democrat Cosponsors
0
Republican Cosponsors
72
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HJRES 141

Primary Policy Focus

Labor and Employment

Alternate Title(s) of Bill HJRES 141

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to "Amendment to Prohibited Transaction Exemption 84-24".
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to "Amendment to Prohibited Transaction Exemption 84-24".

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