Congressional opponents of the Department of Labor’s proposed fiduciary rule remain determined to prevent the agency from finalizing the regulation, in spite of a failed effort to stonewall the rule through the omnibus spending bill.
Today, Republican and Democrat lawmakers introduced two pieces of legislation that aim to put the fate of the DOL’s rule in Congress’ hands.
Both proposed laws—The Strengthening Access to Valuable Education and Retirement Support, or Savers Act, and the Affordable Retirement Advice Protection, or ARAP Act—would require Congress to vote to give the DOL authority to post its fiduciary rule.
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