The second-term Republican congresswoman from Missouri has become the de facto tip-of-the-spear against the Department of Labor's recently proposed conflict of interest rule, which seeks to place a fiduciary standard of care on all advisors to retirement plans and individual retirement accounts.
"I find it despicable that Sen. Warren, D-Massachusetts, would take an entire industry and essentially call them all snake-oil salesman," said Rep. Anne Wagner in an interview between appropriations votes on the House Floor last week.
"This proposal is another instance of top-down, Washington-knows-best approach. But the Obama Administration has shown no investor harm. This rule is a solution in search of a problem," she said.
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