Federal

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".

Source: Congress.gov · 508 words in original text

What This Bill Does

This bill creates special rules that allow the House of Representatives to debate and vote on two separate bills. The first bill would require the President's office to estimate how Executive orders (official presidential directives with broad impact) affect the federal budget. The second bill would disapprove a Department of Labor rule about how retirement plans should invest money and use shareholder voting rights.

Who It Affects

The House of Representatives, the Executive Office of the President, and the Department of Labor are directly mentioned in this bill.

Key Provisions

• The Speaker of the House can call a special meeting to consider a bill requiring inflation estimates for significant Executive orders (Sec. 1) • Debate on the first bill is limited to one hour, split equally between the committee chair and ranking minority member (Sec. 1) • The House can then consider a joint resolution to disapprove a Department of Labor investment rule (Sec. 2) • Debate on the second bill is limited to one hour, equally divided between the Committee on Education and the Workforce chair and ranking minority member (Sec. 2) • Only amendments listed in the Rules Committee report can be offered, and only by designated members (Sec. 1)

Important Definitions

None defined.

H. Res. 166 In the House of Representatives, U. S., February 28, 2023. Resolved, That at any time after adoption of this resolu- tion the Speaker may, pursuant to clause 2(b) of rule XVIII, declare the House resolved into the Committee of the Whole House on the state of the Union 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 or- ders with a significant effect on the annual gross budget, and for other purposes. The first reading of the bill shall be dis- pensed with. All points of order against consideration of the bill are waived. General debate shall be confined to the bill and shall not exceed one hour equally divided and controlled by the chair and ranking minority member of the Committee on Oversight and Accountability or their respective designees. After general debate the bill shall be considered for amend- ment under the five-minute rule. The bill shall be considered as read. All points of order against provisions in the bill are waived. No amendment to the bill shall be in order except those printed in the report of the Committee on Rules accom- 2 •HRES 166 EH panying this resolution. Each such amendment may be of- fered only in the order printed in the report, may be offered only by a Member designated in the report, shall be consid- ered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question in the House or in the Committee of the Whole. All points of order against such amendments are waived. At the conclusion of consideration of the bill for amendment the Committee shall rise and report the bill to the House with such amendments as may have been adopted. The previous question shall be considered as ordered on the bill and amendments thereto to final passage without intervening motion except one motion to recommit. SEC. 2. Upon adoption of this resolution it shall be in order to consider in the House 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’’. All points of order against consideration of the joint resolution are waived. The joint resolution shall be considered as read. All points of order against provisions in the joint res- olution are waived. The previous question shall be considered 3 •HRES 166 EH as ordered on the joint resolution and on any amendment thereto to final passage without intervening motion except: (1) one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Education and the Workforce or their respective designees; and (2) one motion to recommit. Attest: Clerk.

Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.