[quote]The Hill By Tim Devaney -
04/21/16 10:29 AM EDT
Congressional Republicans are racing to block the Obama administration's so-called fiduciary rule that requires retirement advisers to act in the best interest of their clients.
A Republican-backed measure that would overturn the fiduciary rule cleared a key House panel Thursday.
The House Education and Workforce Committee voted 22-14 to pass a motion of disapproval under the Congressional Review Act, which allows lawmakers to collectively roll back regulations after they have been finalized.
The disapproval measure will now
Source of insurance-forums.net
04/21/16 10:29 AM EDT
Congressional Republicans are racing to block the Obama administration's so-called fiduciary rule that requires retirement advisers to act in the best interest of their clients.
A Republican-backed measure that would overturn the fiduciary rule cleared a key House panel Thursday.
The House Education and Workforce Committee voted 22-14 to pass a motion of disapproval under the Congressional Review Act, which allows lawmakers to collectively roll back regulations after they have been finalized.
The disapproval measure will now
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