Trump, Ryan Have Three Paths To Killing DOL Rule
November 12, 2016 by John Hilton
As far as we know, Donald Trump never specifically mentioned the Department of Labor fiduciary rule during his 17-month campaign for president.
That hasn’t stopped plenty of would-be surrogates from stepping up to speculate on what he will do with the rule after his Jan. 20 inauguration. DOL rule opponents have been energized over the days since Trump’s surprising victory over Hillary Clinton.
Yet, insurance companies and insurance marketing organizations (IMOs) who have spent millions to comply with the rule mandates say they will continue those efforts.
And Chip Anderson, executive director of the National Association for Fixed Annuities, said his group is not backing off plans to appeal a court decision favoring the DOL rule. NAFA asked the District of Columbia District Court for a preliminary injunction, which was denied days before the election.
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