A joint resolution disapproving the rule submitted by the Department of Labor relating to savings arrangements established by States for non-governmental employees.

Bill: 115-sjres-32
Sponsor: full_name: Sen. Hatch, Orrin G. [R-UT]
Introduced: 2017-03-06
Policy area: Labor and Employment
Subjects: Administrative law and regulatory procedures

Congressional oversight

Department of Labor

Employee benefits and pensions

State and local government operations
Latest action: action_date: 2017-03-06
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2017-03-06
action_desc: Introduced in Senate
text: <p>This joint resolution nullifies a rule submitted by the Department of Labor's Employee Benefits Security Administration regarding savings arrangements established by states for non-governmental employees. </p> <p>(The rule describes circumstances in which state payroll deduction savings programs with automatic enrollment would not give rise to the establishment of employee pension benefit plans under the Employee Retirement Income Security Act of 1974 [ERISA]. It provides guidance to states designing the programs to reduce the risk of ERISA preemption of state laws and private-sector employers that may be covered by the state laws.) </p>

tv_txt: IIA 115th CONGRESS 1st Session S. J. RES. 32 IN THE SENATE OF THE UNITED STATES March 6, 2017 Mr. Hatch (for himself, Mr. Inhofe , Mr. Isakson , Mr. McConnell , Ms. Murkowski , Mr. Perdue , Mr. Roberts , and Mr. Scott ) introduced the following joint resolution; which was read twice and referred to the Committee on Finance JOINT RESOLUTION Disapproving the rule submitted by the Department of Labor relating to savings arrangements established by States for non-governmental employees.

That Congress disapproves the rule submitted by the Department of Labor relating to Savings Arrangements Established by States for Non-Governmental Employees (published at 81 Fed. Reg. 59464 (August 30, 2016)), and such rule shall have no force or effect.