DOL rule faces certain death under President-elect Trump

November 14, 2016 by Warren S. Hersch

The Department of Labor’s conflict-of-interest rule is headed for a near-certain demise.

The much-maligned rule, the first phase of which is set to take effect in April of 2017, will likely be killed come January in the wake of President-elect Donald Trump’s resounding victory over Hillary Clinton on Tuesday. The reason: The election of a Republican-dominated Congress intent — as is Trump — on ripping up Obama-era regulations they view as stifling economic growth. There is also fierce opposition to the DOL rule by people within the president-elect’s camp.

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Originally Posted at LifeHealthPro on November 9, 2016 by Warren S. Hersch.