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".

This joint resolution seeks to overturn a Department of Labor rule that allows managers of employer-sponsored retirement plans, such as 401(k)s, to consider environmental, social, and governance (ESG) factors when selecting investments. If passed, the resolution would reinstate previous restrictions, requiring plan fiduciaries to prioritize traditional financial factors above all other considerations. For everyday citizens, this means their retirement fund managers would be prohibited from using climate change or social impact criteria as a tie-breaker or primary factor in investment decisions and shareholder voting.