Rep. Peter Roskam, R-Illinois, suggested the Department ofLabor’s proposed fiduciary rule is part of a larger agenda tocrowd out the private market inproviding for the country’s retirement savings needs.
Roskam’s premise was made at an event hosted by the FinancialServices Roundtable.
The fifth term Congressman called the DOL’s rule a “plaintiff lawyer'sdream,” and said advocates of the rule are advancing a falsenarrative that says if you are not for the new rule, then you areagainst all regulation of the retirement market.
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