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

Bill: 115-sjres-33
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 Health, Education, Labor, and Pensions.

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 qualified state political subdivisions for non-governmental employees. </p> <p>(The rule amends a final regulation that describes how states may design and operate payroll deduction savings programs for private-sector employees, including programs that use automatic enrollment, without causing the states or private-sector employers to have established employee pension benefit plans under the Employee Retirement Income Security Act of 1974 [ERISA]. The amendment expands the regulation beyond states to cover qualified state political subdivisions and their programs that otherwise comply with the regulation.) </p>

tv_txt: IIA 115th CONGRESS 1st Session S. J. RES. 33 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 Health, Education, Labor, and Pensions JOINT RESOLUTION Disapproving the rule submitted by the Department of Labor relating to savings arrangements established by qualified State political subdivisions for non-governmental employees.

That Congress disapproves the rule submitted by the Department of Labor relating to Savings Arrangements Established by Qualified State Political Subdivisions for Non-Governmental Employees (published at 81 Fed. Reg. 92639 (December 20, 2016)), and such rule shall have no force or effect.