Trump’s DOL Backs Fiduciary Rule in Legal Brief

July 5, 2017 by John Hilton

Labor Secretary Alexander Acosta failed to take any kind of tough line on the controversial fiduciary rule in the DOL’s first substantive comments since he was confirmed April 27.

Filed Monday in the Fifth Circuit Court of Appeals in New Orleans, the Department of Labor’s 135-page response almost uniformly defended the entire rulemaking process under former Secretary Thomas Perez.

The filing was required as part of an appeal by industry plaintiffs, who lost several rulings at the federal court level. The Fifth Circuit will hear oral arguments on the appeal July 31.

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Originally Posted at InsuranceNewsNet on July 5, 2017 by John Hilton.