The Senate yesterday voted to consider a joint resolution that would block implementation of the Obama administration’s retirement advice rule, MorningConsult.com reported. The voice vote allows senators up to 10 hours of debate before voting on H.J. Res. 88, which the House adopted 234-183 last month. The resolution, sponsored by Rep. Phil Roe (R-Tenn.), is a formal rebuke, under the Congressional Review Act, of the Labor Department’s fiduciary rule. The White House issued a veto threat ahead of the House vote on April 28. The House vote tally did not meet the two-thirds majority that would be needed to override a presidential veto. The Senate has not taken action on a companion measure, S. J. Res. 33, introduced by Sen. Johnny Isakson (R-Ga.).
