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Congress Working to Dismantle DOL Fiduciary Proposal
Bloomberg BNA 
Nov. 13, 2015
"The Retirement Choice Protection Act of 2015 (H.R. 3922) ... would transfer DOL authority for oversight of [IRAs] to the Treasury Department. The bill also includes a 'best interest standard for advice fiduciaries' to IRAs and retirement plans not subject to ERISA. Under the standard, advisers could make recommendations on a limited range of products, including proprietary products, so long as the adviser makes proper disclosures. The bill also would allow advisers to receive compensation that varies based on the transaction, services or products involved, also dependent on proper disclosures."
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