What Labor Secretary Tom Perez said about why a new fiduciary standard is needed, in a blog post co-authored with Jeff Zients, director of the National Economic Council.

Perez says the agency's recrafted fiduciary standard is aimed at helping working people save as much possible, while allowing advisors to continue earning a living.

Its most worried about changes that could undermine Americans attempts or willingness to save for retirement.

The public exchange plan users who are getting advance premium tax credit help have to file tax returns to keep their APTC subsidies.