Lawmakers Move to Torpedo New DOL Fiduciary Rule

May 21, 2024 by Melanie Waddell

Four senators — three Republicans and one Democrat — introduced Wednesday a resolution of disapproval under the Congressional Review Act to overturn the Labor Department’s new fiduciary rule.

The senators — Ted Budd, R-N.C.; Bill Cassidy, R-La.; Joe Manchin, D-W.V., and Roger Marshall, R-Kansas — said in a joint statement Wednesday that the new rule, which Labor released on April 23, “would endanger financial choice and access.”

Click HERE to read the full story via Think Advisor

Wink’s Moore on the Market: The DOL’s new rule “would endanger financial choice and access” some senators say.

So, they’re trying to overturn the rule.

Believe it! -sjm

Originally Posted at Think Advisor on May 15, 2024 by Melanie Waddell.