DOL fiduciary rule survives omnibus bill

December 18, 2015 by Nick Thornton

On Tuesday night, the Department of Labor’s proposed fiduciary rule survived what many viewed as a significant threat when the U.S. House of Representatives released next year’s omnibus spending bill.

No defund rider, no alternative legislation, no required new comment period

Missing from the more than 1,000-page bill document was a rider that would defund Labor’s ability to implement a new rule.

Also missing was alternative legislation that would water down the proposed rule’s Best Interest Contract Exemption.  Click HERE to read article….

Originally Posted at LifeHealthPro on December 17, 2015 by Nick Thornton.