House panel moves forward with resolution to block DOL rule

April 25, 2016 by Nick Thornton, BenefitsPro

A resolution to block the Department of Labor from implementing its finalized fiduciary rule passed out of the House Education and the Workforce Committee on a party-line vote.

Rep. Bobby Scott, D-Virginia, ranking member of the Committee and one of the 14 Democrats to vote no on the resolution, said the markup session to pass the resolution was rushed, and claimed it was the shortest time span ever between a regulation’s finalization and the initiation of a resolution to stop it, citing the Congressional Research Services.

The resolution now moves to a House vote. Click HERE to read more…

Originally Posted at LifeHealthPro on April 22, 2016 by Nick Thornton, BenefitsPro.