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AFL-CIO Letter to Representatives Urging Opposition to the Misnamed Retail Investor Protection Act
AFL-CIOLink to more items from this source
[Opinion]
Oct. 26, 2015

"H.R. 1090 would unnecessarily prevent the [DOL] from moving forward with its conflict of interest rulemaking to protect retirement savers until the [SEC] has finalized new rules covering the duties of brokers to their customers. In addition, the SEC would not be able to act until it complied with several new reporting and analysis requirements that would provide no meaningful benefit to investors and further delay any regulatory action.... A vote for this bill is a vote to obstruct important consumer protections for retirement investors and to weaken Americans' retirement security."

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