President Trump’s executive order directing the Labor Department to undertake a new economic and legal analysis of the fiduciary rule was immediately embraced by lawmakers and stakeholders opposed to the regulation.
In a statement issued after she attended President Trump’s signing of the order, Rep. Ann Wagner, R-MO, a sponsor of bills that would have blocked the Labor Department from implementing the rule, said she applauds the President’s order to “delay” the rule.
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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.
