Link to good explainer with portions pasted below: http://www.thinkadvisor.com/2017/02/09/congressmen-aim-to-block-obama-era-retirement-rule
Walberg’s H.J. Res 66 would roll back the Savings Arrangements Established by States for Non-Governmental Employees rule submitted in August, while Rooney’s H.J. Res 67 would block a similar rule submitted in December that extends to “political subdivisions” like cities and counties that administer savings programs for private-sector workers.
.... Some states, including California, Connecticut, Illinois, Maryland and Oregon, have adopted programs for certain employers that don’t offer workplace savings plans to automatically deduct a percentage of a worker’s paycheck and save them in a state-administered IRA. Employers are not required to make a contribution of their own and employees must opt out, rather than opt in.
..... “Because the new safe harbor requires that the employer's involvement in the program be required and circumscribed by state law, the 1975 safe harbor's condition that employee participation be ‘completely voluntary’ has been modified to permit state-required automatic employee enrollment procedures,” according to the August proposal.
Rooney expressed concern that this could force workers “into government-run plans with fewer protections and less control over their hard-earned savings. Employers will face a confusing patchwork of rules, and many small businesses may forgo offering retirement plans altogether,” he said in a statement.
Walberg added that instead of increasing regulations to promote retirement savings, policymakers should work to “reduce costly red tape and make it easier for small businesses to band together to offer retirement plans for their employees.”