Today, President Obama is meeting with independent financial regulators at the White House, according to a press briefing last week.
Josh Earnest, the White House’s press secretary, did not specify if the President would be discussing the Department of Labor’s proposed fiduciary rule, the final version of which is slated for release within weeks.
Republicans may also attempt to defund the DOL’s ability to implement its rule in the party’s fiscal year 2017 budget, which is also expected to be released in coming weeks.
In an interview with the Racine Journal Times, published in a country that Speaker Ryan represents, he said the DOL’s rule is “an example of massive overkill by the federal government.”
