Rep. Joe Wilson, R-SC, has introduced legislation in the House of Representatives that would delay the implementation date of the Labor Department’s fiduciary rule by two years.
The Protecting American Families’ Retirement Advice Act is only three paragraphs long.
According to language in the bill, the rule “shall not take effect until that date that is two years after the date of enactment of this Act.”
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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.
