Disapproving the rule submitted by the Department of Labor relating to the definition of the term "Fiduciary".

Bill: 114-hjres-88
Sponsor: Rep. Roe, David P. [R-TN-1]
Introduced: 2016-04-19 in the House
Policy area: Labor and Employment
Subjects: Administrative law and regulatory procedures
Congressional oversight
Department of Labor
Employee benefits and pensions
Financial services and investments

Summary:
action_date: 2016-04-19
text: 
This joint resolution disapproves and nullifies a Department of Labor rule published on April 8, 2016, relating to the definition of the term &quot;fiduciary&quot; and the conflict of interest rule with respect to retirement investment advice.
 
 (The rule defines who is a fiduciary with respect to pension and retirement plans. Under current law, a person who provides investment advice has a fiduciary obligation that requires the person to provide advice in the sole interest of plan participants and beneficiaries. The rule changes the definition of &quot;investment advice&quot; to treat people who provide investment advice to pension and retirement plans for a fee or other compensation as fiduciaries in a wider array of advice relationships.) 

action_date: 2016-04-26
text: 
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
 
This joint resolution disapproves and nullifies a Department of Labor rule published on April 8, 2016, relating to the definition of the term &quot;fiduciary&quot; and the conflict of interest rule with respect to retirement investment advice.
 
 (The rule defines who is a fiduciary with respect to pension and retirement plans. Under current law, a person who provides investment advice has a fiduciary obligation that requires the person to provide advice in the sole interest of plan participants and beneficiaries. The rule changes the definition of &quot;investment advice&quot; to treat people who provide investment advice to pension and retirement plans for a fee or other compensation as fiduciaries in a wider array of advice relationships.) 

action_date: 2016-04-28
text: 
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
 
This joint resolution disapproves and nullifies a Department of Labor rule published on April 8, 2016, relating to the definition of the term &quot;fiduciary&quot; and the conflict of interest rule with respect to retirement investment advice.
 
 (The rule defines who is a fiduciary with respect to pension and retirement plans. Under current law, a person who provides investment advice has a fiduciary obligation that requires the person to provide advice in the sole interest of plan participants and beneficiaries. The rule changes the definition of &quot;investment advice&quot; to treat people who provide investment advice to pension and retirement plans for a fee or other compensation as fiduciaries in a wider array of advice relationships.) 

action_date: 2016-05-24
text: 
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
 
This joint resolution disapproves and nullifies a Department of Labor rule published on April 8, 2016, relating to the definition of the term &quot;fiduciary&quot; and the conflict of interest rule with respect to retirement investment advice.
 
 (The rule defines who is a fiduciary with respect to pension and retirement plans. Under current law, a person who provides investment advice has a fiduciary obligation that requires the person to provide advice in the sole interest of plan participants and beneficiaries. The rule changes the definition of &quot;investment advice&quot; to treat people who provide investment advice to pension and retirement plans for a fee or other compensation as fiduciaries in a wider array of advice relationships.) 


Legislative actions:
action_date: 2016-06-22
text: Motion to refer the bill and accompanying veto message to the Committee on Education and the Workforce.  The Chair directed the Clerk to notify the Senate of the action of the House.
action_date: 2016-06-22
text: On passage, the objections of the President to the contrary notwithstanding Failed by the Yeas and Nays: (2/3 required): 239 - 180 (Roll no. 338).
action_date: 2016-06-22
text: Failed of passage in House over veto: On passage, the objections of the President to the contrary notwithstanding Failed by the Yeas and Nays: (2/3 required): 239 - 180 (Roll no. 338).
action_date: 2016-06-22
text: The previous question on the motion to refer the bill and Agreed to by recorded vote: 229 - 175, 2 Present (Roll no. 337). (consideration: CR H4125)
action_date: 2016-06-22
text: DEBATE - The House proceeded with one hour of debate on the question of passage of H.J. Res. 88, the objections of the President to the contrary, notwithstanding.
action_date: 2016-06-22
text: Pursuant to the order of the House of June 8, 2016, the unfinished business is the further consideration of the veto message of the President on House Joint Resolution 88. (consideration: CR H4125-4126)
action_date: 2016-06-22
text: The Chair announced the unfinished business to be the consideration of the veto.
action_date: 2016-06-08
text: POSTPONED CONSIDERATION OF VETO MESSAGE - Pursuant to a previous order of the House, the Chair announced that further consideration of the veto message on H.J. Res. 88 shall be postponed until the legislative day of Wednesday, June 22, 2016; and that on that legislative day, the House shall proceed to the constitutional question of reconsideration and dispose of such question without intervening motion.
action_date: 2016-06-08
text: The Chair announced that the objections of the President to H.J.Res. 88 would be spread at large upon the Journal and the veto message would be printed as a House document (114-140).
action_date: 2016-06-08
text: The Chair laid before the House the veto message from the President. (consideration: CR H3537-3538)
action_date: 2016-06-08
text: Vetoed by President.
action_date: 2016-06-08
text: Vetoed by President.
action_date: 2016-06-08
text: POSTPONED PROCEEDINGS ON VETO MESSAGE - Mr. Sessions asked unanimous consent that when a veto message on House Joint Resolution 88 is laid before the House on the legislative day of June 8, 2016, after the message is read and the objections of the President are spread at large upon the Journal, further consideration of the veto message and the joint resolution shall be postponed until the legislative day of Wednesday, June 22, 2016; and that on that legislative day, the House shall proceed to the constitutional question of reconsideration and dispose of such question without intervening motion. Agreed to without objection.
action_date: 2016-06-07
text: Presented to President.
action_date: 2016-06-07
text: Presented to President.
action_date: 2016-05-24
text: Message on Senate action sent to the House.
action_date: 2016-05-24
text: Passed Senate without amendment by Yea-Nay Vote. 56 - 41. Record Vote Number: 84.
action_date: 2016-05-24
text: Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 56 - 41. Record Vote Number: 84.
action_date: 2016-05-24
text: Measure laid before Senate by motion. (consideration: CR S3065-3084)
action_date: 2016-05-24
text: Motion to proceed to consideration of measure agreed to in Senate by Voice Vote. (consideration: CR S3065)
action_date: 2016-05-24
text: Motion to proceed to consideration of measure made in Senate. (consideration: CR S3065; text: CR S3065)
action_date: 2016-05-09
text: Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 460.
action_date: 2016-04-28
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2016-04-28
text: On passage Passed by the Yeas and Nays: 234 - 183 (Roll no. 176). (text: CR H2081)
action_date: 2016-04-28
text: Passed/agreed to in House: On passage Passed by the Yeas and Nays: 234 - 183 (Roll no. 176).(text: CR H2081)
action_date: 2016-04-28
text: POSTPONED PROCEEDINGS - At the conclusion of debate on H.J.Res. 88, the Chair put the question on passage of the bill and by voice vote, announced that the ayes had prevailed. Mr. Scott (VA) demanded the yeas and nays and the Chair postponed further proceedings on passage of H.J.Res 88 until later in the legislative day.
action_date: 2016-04-28
text: The previous question was ordered pursuant to the rule. (consideration: CR H2092)
action_date: 2016-04-28
text: DEBATE - The House proceeded with one hour of debate on H.J. Res. 88.
action_date: 2016-04-28
text: Resolution provides for consideration of H.R. 4901 and H.J. Res. 88.
action_date: 2016-04-28
text: Considered under the provisions of rule H. Res. 706. (consideration: CR H2081-2093)
action_date: 2016-04-28
text: Rule H. Res. 706 passed House.
action_date: 2016-04-27
text: Rules Committee Resolution H. Res. 706 Reported to House. Resolution provides for consideration of H.R. 4901 and H.J. Res. 88.
action_date: 2016-04-26
text: Placed on the Union Calendar, Calendar No. 407.
action_date: 2016-04-26
text: Committee on Ways and Means discharged.
action_date: 2016-04-26
text: Committee on Ways and Means discharged.
action_date: 2016-04-26
text: Reported by the Committee on Education and the Workforce. H. Rept. 114-527, Part I.
action_date: 2016-04-26
text: Reported by the Committee on Education and the Workforce. H. Rept. 114-527, Part I.
action_date: 2016-04-21
text: Ordered to be Reported by the Yeas and Nays: 22 - 14.
action_date: 2016-04-21
text: Committee Consideration and Mark-up Session Held.
action_date: 2016-04-19
text: Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2016-04-19
text: Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2016-04-19
text: Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2016-04-19
text: Introduced in House
action_date: 2016-04-19
text: Introduced in House