H. J. RES. 206 aims to block a specific rule set by the Internal Revenue Service about "Required Minimum Distributions." Congress is using its power under chapter 8 of title 5, United States Code, to express disapproval of this rule, which was officially recorded in the...
Simple Explanation
In simple words, this bill is like Congress saying "no" to a rule about how much money people need to take out of their savings, which was set by the tax people. If Congress agrees, this rule won't happen.