HJRES 141 United States House · 118th Congress

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".

H.J.Res. 141 is a congressional resolution disapproving a Department of Labor rule (89 Fed. Reg. 32302, April 25, 2024) that amended Prohibited Transaction Exemption 84-24. This rule would have changed regulations governing retirement investment transactions, specifically affecting how financial institutions and retirement plan administrators handle certain transactions. The resolution, if passed, would block the rule from taking effect by invoking the disapproval process under Title 5 of the U.S. Code. It directly impacts retirement plan providers and financial firms that rely on this exemption for investment activities. The bill does not create new policy but seeks to prevent the implementation of the specific Department of Labor rule.
Bill status in committee 1 of 4 stages cleared
Introduction
May 2024
Committee Review
Floor Vote
President
Introduced May 15, 2024 Last action May 15, 2024
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1
May 15, 2024
Committee
Referred to the House Committee on Education and the Workforce.
lower
May 15, 2024
Introduced
Introduced in House
lower
1 primary · 46 co-sponsors

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