"The resolution eliminates a Labor Department rule finalized last year, which clarified that states would not have to comply with the strict rules and reporting requirements governing employer-based retirement plans and pensions. Those regulations could lead to additional paperwork and higher compliance costs."

States, with the example of their expertise with retirement plans (PERS, anyone?) want to bring that 'expertise' to bear on private citizens without "the strict rules and reporting requirements "

Oregon, Illinois and California are the poster children for retirement plan incompetence and they are three of those who want to do this.