ACA Noise Could Drown Out DOL Rule Repeal
November 16, 2016 by John Hilton
The Department of Labor fiduciary rule is a wild-card issue in the new Republican-led government, say several industry and Beltway sources.
Republicans have vocally opposed the rule and now control Congress and the White House. While the fiduciary rule should be on life support, several factors make that outcome less than obvious.
For starters, President-elect Donald Trump never mentioned the fiduciary rule during his 17-month campaign. But he did talk about the Affordable Care Act nearly every day.
Everyone in Washington is talking about plans and outcomes for reforming the ACA, a House source said. Conversely, there’s been little opposition to the DOL rule heard in recent months, the source added.
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