A member of the U.S. House Committee on Education and the Workforce introduced a bill Friday to delay the implementation of the U.S. Labor Department’s fiduciary rule by two years.
The rule “is one of the most costly, burdensome regulations to come from the Obama administration,” U.S. Rep. Joe Wilson, R-South Carolina, said in a statement introducing the bill. “Rather than making retirement advice and financial stability more accessible for American families, they have disrupted the client-fiduciary relationship, increased costs and limited access.”
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