H.Res.166 — Providing for consideration of the bill (H.R. 347) to require the Executive Office of the President to provide an inflation estimate with respect to Executive orders with a significant effect on the annual gross budget, and for other purposes, and providing for consideration of the joint resolution (H.J. Res. 30) providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights".

House Roll Call

H.Res.166

Roll 123 • Congress 118, Session 1 • Feb 28, 2023 2:01 PM • Result: Passed

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BillH.Res.166 — Providing for consideration of the bill (H.R. 347) to require the Executive Office of the President to provide an inflation estimate with respect to Executive orders with a significant effect on the annual gross budget, and for other purposes, and providing for consideration of the joint resolution (H.J. Res. 30) providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights".
Vote questionOn Agreeing to the Resolution
Vote typeRecorded Vote
ResultPassed
TotalsYea 216 / Nay 205 / Present 0 / Not Voting 13
PartyYeaNayPresentNot Voting
R216006
D020507
I0000

Research Brief

On Agreeing to the Resolution

Bill Analysis

Bill Summary: HRES 166 (118th Congress)

HRES 166 is a resolution that facilitates the consideration of two significant legislative measures: H.R. 347 and H.J. Res. 30.

H.R. 347 mandates that the Executive Office of the President (EOP) must provide an inflation estimate for any Executive orders that are determined to have a significant impact on the annual gross budget. This requirement aims to enhance transparency and accountability regarding the economic implications of presidential actions, particularly those that could influence federal spending and inflation rates. The EOP is tasked with assessing the potential financial effects of these orders, which may affect various sectors of the economy and federal agencies responsible for budgetary oversight.

H.J. Res. 30 is a joint resolution that seeks congressional disapproval of a rule proposed by the Department of Labor (DOL) concerning “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights.” This rule addresses fiduciary responsibilities in retirement plan management, specifically focusing on the investment decisions made on behalf of plan participants. The resolution aims to overturn this rule, which could impact how retirement funds are managed and the degree of influence that environmental, social, and governance (ESG) factors have in investment decisions.

The resolution was agreed to without objection, indicating broad support for the procedural steps it outlines. Key stakeholders include federal agencies such as the EOP and DOL, as well as financial institutions and retirement plan participants who may be affected by the proposed regulations and their potential disapproval.

The timeline for implementation of the provisions in H.R. 347 and the outcome of H.J. Res. 30 will depend on subsequent legislative actions and the responses from the EOP and DOL following the resolution’s passage.

View bill source • Clerk record • API record

Yea (216)

K
Kelly Armstrong

ND • R • Aye

D
Dan Bishop

NC • R • Aye

K
Ken Buck

CO • R • Aye

L
Larry Bucshon

IN • R • Aye

M
Michael Burgess

TX • R • Aye

K
Ken Calvert

CA • R • Aye

J
Jerry Carl

AL • R • Aye

L
Lori Chavez-DeRemer

OR • R • Aye

A
Anthony D'Esposito

NY • R • Aye

J
John Duarte

CA • R • Aye

J
Jeff Duncan

SC • R • Aye

A
A. Ferguson

GA • R • Aye

S
Scott Franklin

FL • R • Aye

M
Matt Gaetz

FL • R • Aye

M
Mike Gallagher

WI • R • Aye

M
Mike Garcia

CA • R • Aye

B
Bob Good

VA • R • Aye

K
Kay Granger

TX • R • Aye

G
Garret Graves

LA • R • Aye

M
Mark Green

TN • R • Aye

B
Bill Johnson

OH • R • Aye

D
Doug Lamborn

CO • R • Aye

J
Jake LaTurner

KS • R • Aye

D
Debbie Lesko

AZ • R • Aye

B
Blaine Luetkemeyer

MO • R • Aye

K
Kevin McCarthy

CA • R • Aye

L
Lisa McClain

MI • R • Aye

P
Patrick McHenry

NC • R • Aye

M
Marcus Molinaro

NY • R • Aye

A
Alexander Mooney

WV • R • Aye

G
Greg Pence

IN • R • Aye

B
Bill Posey

FL • R • Aye

C
Cathy Rodgers

WA • R • Aye

M
Matthew Rosendale

MT • R • Aye

J
John Rutherford

FL • R • Aye

G
George Santos

NY • R • Aye

D
David Schweikert

AZ • R • Aye

P
Pete Sessions

TX • R • Aye

M
Michelle Steel

CA • R • Aye

C
Chris Stewart

UT • R • Aye

M
Michael Waltz

FL • R • Aye

B
Brad Wenstrup

OH • R • Aye

B
Brandon Williams

NY • R • Aye

Nay (205)

C
Colin Allred

TX • D • No

E
Earl Blumenauer

OR • D • No

J
Jamaal Bowman

NY • D • No

C
Cori Bush

MO • D • No

Y
Yadira Caraveo

CO • D • No

T
Tony Cárdenas

CA • D • No

M
Matt Cartwright

PA • D • No

D
David Cicilline

RI • D • No

G
Gerald Connolly

VA • D • No

J
Jason Crow

CO • D • No

L
Lloyd Doggett

TX • D • No

A
Anna Eshoo

CA • D • No

R
Ruben Gallego

AZ • D • No

J
John Garamendi

CA • D • No

R
Raúl Grijalva

AZ • D • No

B
Brian Higgins

NY • D • No

J
Jeff Jackson

NC • D • No

S
Sheila Jackson Lee

TX • D • No

D
Daniel Kildee

MI • D • No

D
Derek Kilmer

WA • D • No

A
Ann Kuster

NH • D • No

B
Barbara Lee

CA • D • No

K
Kathy Manning

NC • D • No

L
Lucy McBath

GA • D • No

G
Grace Napolitano

CA • D • No

W
Wiley Nickel

NC • D • No

B
Bill Pascrell

NJ • D • No

D
Donald Payne

NJ • D • No

M
Mary Peltola

AK • D • No

D
Dean Phillips

MN • D • No

K
Katie Porter

CA • D • No

C
C. Ruppersberger

MD • D • No

A
Abigail Spanberger

VA • D • No

E
Eric Swalwell

CA • D • No

R
Rashida Tlaib

MI • D • No

D
David Trone

MD • D • No

N
Nydia Velázquez

NY • D • No

D
Debbie Wasserman Schultz

FL • D • No

J
Jennifer Wexton

VA • D • No

Not Voting (13)

J
John Sarbanes

MD • D • Not Voting

S
Susan Wild

PA • D • Not Voting