In committee staff rooms and on the floor in both chambers of Congress, battle lines are being drawn as the legislative pipeline fills up with efforts to roll back regulators' authority over the financial services industry.
In the Senate, Finance Committee Chairman Orrin Hatch, R-Utah, has made repeated public pledges to make his SAFE Act, which proposes comprehensive change to the country's retirement industry, a legislative priority this year.
A key provision of that bill would gut the Department of Labor's efforts to apply a stricter fiduciary standard across the industry.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
