WASHINGTON – Today, after the Department of Labor (DOL) issued the final version of its fiduciary rule, Congressman French Hill (AR-02) released the following statement:
“While DOL’s rule may be well-intended, its effects will limit access to professional retirement planning and guidance for those who need it the most. This is ultimately another tone-deaf attempt by this administration to evoke its “Washington-knows-best” strategy in its ongoing “war on savings.” I have long believed that the Securities and Exchange Commission is the governing agency with the most expertise on the fiduciary issue, and as such, they should be leading on it. I will continue working with my colleagues in Congress to ensure this rule ultimately does not go into effect.”
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