Lawmakers raised scant attention to retirement issues during theroughly three-hour confirmation hearing for Labor Secretary nominee R. Alexander Acosta.
Sen. Elizabeth Warren, D-MA, directed questions on the proposeddelay of the Labor Department’s fiduciary rule in the waningminutes of the Health, Education, Labor, and Pension committee’shearing, asking the nominee for his general impression of therule’s intention to protect American’s retirement savings byassuring they receive non-conflicted investment advice.
“Do I think it is important to protect the American retiree?Absolutely,” said Acosta.
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