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.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
