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Committee Hears Arguments for Action Against Fiduciary Rule
PLANSPONSOR; free registration may be requiredLink to more items from this source
Dec. 3, 2015
"One of the takeaways from the hearing, [said former EBSA Assistant Secretary Brad Campbell], is the bipartisan concern in Congress that the DOL's proposal has some serious problems. 'The question will be, does that translate into Congressional action in the upcoming omnibus bill?' he says. Possibilities range from defunding the DOL's ability to pursue the rule to asking for another round of comments, to rifle-shot bits of legislation that would direct the DOL to do or not do certain things, Campbell says, noting the DOL's fiduciary proposal is just one of many issues."

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