Sen. Orin Hatch is expected become chairman of the Finance Committee in January. Photo: AP.

Senator Orrin Hatch, R-Utah, incoming chairman of the Senate Finance Committee, said Monday that he plans to reintroduce in 2015 his Secure Annuities for Employee Retirement Act, which includes language that would stop the Department of Labor from writing fiduciary rules for individual retirement accounts. 

“We shouldn’t have DOL writing these sort of things,” Hatch told reporters after his comments at an event Monday in Washington hosted by the Financial Services Roundtable. His comments came when asked about DOL’s planned re-release of its rule to amend the definition of fiduciary under the Employee Retirement Income Security Act.

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