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New Senate bill targets DOL's oversight of IRAs
News August 04, 2026 at 03:31 PM
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What You Need To Know
- The SMART Savings Act would prevent the Labor Department from creating a fiduciary rule for IRAs.
- IRAs "are needlessly subject to overlapping federal rules, including 'prohibited transaction' provisions in the Tax Code," the bill's sponsor says.
- The bill would maintain prohibitions on self-dealing.