DOL fiduciary rule could be halted ‘within days’ of inauguration

January 17, 2017 by Melanie Waddell

The Department of Labor’s fiduciary rule could be delayed “within days” of the new administration through action taken by Labor, instructions from the White House, or pending court cases, David Hirschmann, president and CEO of the U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness, said Wednesday. “There’s no one mechanism to achieve delay” in the rule’s implementation.

Speaking to reporters at the Chamber’s 2017 State of American Business Address in Washington, Hirschmann said the rule could be halted before legislation is passed.

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Originally Posted at LifeHealthPro on January 13, 2017 by Melanie Waddell.