Fiduciary Rule Lawsuit? Bring It, DOL Chief Says

May 7, 2024 by Melanie Waddell

Acting Labor Secretary Julie Su told House lawmakers Wednesday that Labor’s new fiduciary rule can withstand legal challenges.

During a question and answer exchange with Rep. Tim Walberg, R-Mich., during a hearing held by the House Education and the Workforce Committee, Walberg reminded Su that Labor’s 2016 rule was struck down in 2018 by the U.S. Court of Appeals for the Fifth Circuit, finding that the rule “exceeded DOL’s authority.”

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Originally Posted at Think Advisor on May 1, 2024 by Melanie Waddell.