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Fiduciary Rule Funeral: DOL Joins Industry in Move to Vacate Biden-Era Rule
InsuranceNewsNet.com Link to more items from this source
Mar. 12, 2026

"The [DOL] said in court documents this week that it supports a district court motion to vacate its Retirement Security Rule, the department's most recent attempt to extend fiduciary duty. The motion was filed jointly with a group of industry trade groups that initially filed a lawsuit to prevent the RSR from taking effect. With both sides now on the same side, the motion to vacate likely means the end of the Biden-era RSR." [FACC v. DOL, No. 24-0163 (E.D.Tex. unopposed motion for final judgment Mar. 11, 2026; ACLI v. DOL, No. 24-0482 (N.D. Tex. unopposed motion for final judgment Mar. 9, 2026)]  MORE >>

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