Speaker Paul Ryan announced on March 3—in a move that may be good news for NAIFA-NYS and other opponents of the Dept. of Labor (DOL) fiduciary duty rule—that the U.S House will fight back against the plan once it’s final. “This rule,” Ryan said, “would raise costs and limit options for people seeking advice on their retirement plans. When this rule comes down, we will be ready to do what we can to protect the savings of hard-working American.” Ryan noted that both Republicans and Democrats have expressed concern with the DOL approach.
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