Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to "Retirement Security Rule: Definition of an Investment Advice Fiduciary".

HJRES 142 is a congressional disapproval resolution targeting a Department of Labor rule issued on April 25, 2024. It seeks to block the "Retirement Security Rule: Definition of an Investment Advice Fiduciary" (89 Fed. Reg. 32122), which defined standards for financial advisors handling retirement accounts. If passed, this resolution would make the Labor Department's rule ineffective, directly affecting retirement plan advisors and financial institutions subject to the regulation. The bill uses a specific procedural mechanism under Title 5, U.S. Code, to nullify the rule without creating new law.