In the Margins

House acts to stop DoL's fiduciary rule

May 4, 2016

By Committee on Financial Services

The House has approved a resolution to stop the Department of Labor's fiduciary rule. “Millions of Americans turn to financial advisors to help them plan and save for retirement, to send a child to college, or to start their own small business. These are some of the most personal and consequential decisions families make. The [Obama] Administration’s complicated red tape will just make that advice more costly and less available for workers and retirees with modest incomes,” said Financial Services Committee Chairman Jeb Hensarling (R-Texas).  “Congress must act to stop this misguided regulation that’s unfair to Americans who only want the freedom to plan for financial independence and the right to shape their own future.” Read the full release from the Committee on Financial Services.