WASHINGTON—U.S. Sen. Jim Inhofe (R-Okla.), today voted in favor of H.J. Res 66, a resolution of disapproval under the Congressional Review Act (CRA), to overturn a Department of Labor (DOL) rule allowing state-run retirement plans for non-governmental employees. The DOL rule allows states to bypass protections required by the Employee Retirement Income Security Act (ERISA) and would allow states to force private-sector employees onto state-run retirement plans.
“Congress passed ERISA to protect the retirement plans of employees,” Inhofe said, “Not only does this DOL rule bypass these vital safeguards, but it forces private-sector employees onto state-run retirement plans against their will; another example of Obama-era executive overreach. I am pleased to vote for this legislation that protects employees and stops the overreach of unelected Washington bureaucrats. The legislation now goes to the President’s desk for a signature.”