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Senate Makes Moves to Block Fiduciary Rule
National Association of Plan Advisors [NAPA] Feb. 8, 2016
"Wrapping up a week of legislation designed to block, slow or thwart the [DOL's] fiduciary rule, the U.S. Senate finally got into the act with two pieces of legislation. Sen. Johnny Isakson (R-Ga) ... introduced the Affordable Retirement Advice Protection Act that would require a vote by Congress before any final rule by the administration goes into effect. On the same day, Sen. Roy Blount (R-Mo.) introduced ... legislation that its sponsors said would 'prevent the [DOL] from moving forward on an unnecessary and burdensome new regulation that will make it harder for ... all Americans, to save for retirement.' "
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