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 "Retirement Security Rule: Definition of an Investment Advice Fiduciary".

Bill 118 SJRes 79 is a joint resolution that aims to disapprove of a rule submitted by the Department of Labor regarding the "Retirement Security Rule: Definition of an Investment Advice Fiduciary." The rule in question pertains to the definition of an investment advice fiduciary, which is a crucial aspect of ensuring retirement security for individuals.

The resolution falls under chapter 8 of title 5 of the United States Code, which allows Congress to review and potentially overturn regulations put forth by federal agencies. In this case, the Department of Labor's rule on investment advice fiduciaries is being scrutinized by Congress.

The resolution seeks to provide congressional disapproval of the rule, indicating that there may be concerns or disagreements with the Department of Labor's approach to defining investment advice fiduciaries. This could have significant implications for how retirement planning and investment advice are regulated in the United States. Overall, Bill 118 SJRes 79 is a significant piece of legislation that highlights the importance of congressional oversight and review of federal regulations, particularly those related to retirement security and investment advice. It will be interesting to see how this resolution progresses through Congress and what impact it may have on the Department of Labor's rule.