Rep. Ann Wagner, R-Missouri, says the Department of Labor is“dug in” in its effort to finalize its proposed fiduciary rule.

“But I’m pretty dug in too,” she said in a press call in advanceof tomorrow’s hearing before the House Financial ServicesCommittee, “Preserving Retirement Security and Investment Choicesfor All Americans.”

Wagner, who has led the opposition to the DOL’s effort toimpose fiduciary requirements on the broker-dealerindustry since she sponsored the Retail Investor Protection Act in2013, said she will reintroduce that bill, which would require theSecurities and Exchange Commission to be the lead regulator inwriting a uniform fiduciary standard.

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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.