S. J. RES. 79 seeks congressional disapproval of a specific rule issued by the Department of Labor. This rule relates to the "Retirement Security Rule: Definition of an Investment Advice Fiduciary." If the resolution is passed, the rule will not have any legal effect. This decision is being...
Simple Explanation
Congress is thinking about stopping a new rule from the Department of Labor about who counts as a guide for helping people with their retirement money. If they decide to stop it, the rule will be like it never happened.