In the Margins

House fails to override fiduciary rule veto

June 23, 2016

By InvestmentNews

The House of Representatives failed Wednesday night to override a presidential veto of the Department of Labor's fiduciary rule. The vote, which occurred around 10:30 p.m., was used by House Republicans to break up a sit-in by Democratic lawmakers demanding action on gun-control legislation. The Democratic demonstration had shut down the House floor since late Wednesday morning. The veto override passed, 239-180, on a party-line vote, falling well short of the two-thirds majority needed to overcome President Barack Obama's rejection of the resolution. Read the original story from InvestmentNews.