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".
Latest Action
Referred to the House Committee on Education and the Workforce.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™This House Joint Resolution (HJRES 141) from the 118th Congress proposes congressional disapproval of a rule submitted by the Department of Labor concerning an amendment to Prohibited Transaction Exemption 84-24. The bill falls under the Labor and Employment policy area and was referred to the House Committee on Education and the Workforce. The resolution aims to nullify the Department of Labor's rule change under the authority granted by chapter 8 of title 5, United States Code, which governs congressional review of federal regulations. The bill did not advance and is currently classified as failed or expired.
HJRES 141 sought to overturn a Department of Labor rule amendment related to Prohibited Transaction Exemption 84-24 but did not pass and is no longer active.
- The bill is a congressional disapproval resolution targeting a Department of Labor rule amendment.
- It uses the congressional review process under chapter 8 of title 5, U.S. Code.
- The resolution was referred to the House Committee on Education and the Workforce but did not progress further.
['Members of Congress seeking to exercise oversight over federal regulatory actions', "Employers and labor organizations potentially affected by the Department of Labor's rule amendments", 'Entities subject to Prohibited Transaction Exemption 84-24, which relates to certain financial transactions involving employee benefit plans']
['Lack of detailed bill text and official summary limits understanding of specific regulatory changes being disapproved', 'Potential challenges in implementation if the disapproval had passed, including regulatory uncertainty for affected parties', 'Oversight considerations regarding the balance of authority between Congress and the Department of Labor in rulemaking']
The bill was introduced in the House during the 118th Congress and referred to the House Committee on Education and the Workforce. It relates to the congressional review process, which allows Congress to disapprove federal agency rules. The bill did not advance beyond committee referral and is marked as failed or expired, indicating it did not receive a vote or further legislative action.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['Potential increased congressional oversight of Department of Labor rulemaking processes in the future.', 'Possible influence on how financial transactions involving employee benefit plans are regulated if similar disapproval resolutions are introduced.', 'Impact on the stability and predictability of labor-related financial regulations for employers and plan administrators.']
The absence of the full bill text and official summary limits transparency and public understanding of the specific regulatory changes targeted by this disapproval resolution. Monitoring the use of the congressional review process is important to assess how legislative oversight interacts with agency rulemaking authority. The bill's failure to advance suggests limited legislative support or prioritization during the 118th Congress.
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