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Text of DOL EBSA Chief's Testimony on Legislative Proposals for More Fee Disclosure
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
[Guidance Overview] Sept. 17, 2008
Excerpt: The regulatory process currently underway ensures that all voices and points of view will be heard and provides an effective means of resolving the many complex and technical issues presented. I hope that as Congress considers this issue, it recognizes the Department's existing statutory authority and takes no action that could disrupt our current efforts to provide these important disclosures to workers. My testimony today will discuss in more detail the Department's activities related to plan fees. Also, I will describe the Department's regulatory and enforcement initiatives[.]
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