This joint resolution uses a Congressional Review Act procedure to overturn a Department of Labor rule that amended existing exemptions to prohibited transaction rules for retirement plans. The rule, which took effect on April 25, 2024, relaxed restrictions on certain financial transactions involving retirement accounts and plan administrators. If passed, this resolution would completely eliminate the Labor Department's rule and prevent it from being enforced. The measure was introduced by a bipartisan group of House members and was referred to the Committee on Education and the Workforce for consideration. This type of resolution allows Congress to quickly disapprove regulations without going through the standard legislative process, though it requires both chamber approval and cannot be easily overridden by a presidential veto.