June 2, 2017

Obama Regulation Could Leave Millions of Retirees Without Investment Guidance

From: The Washington Free Beacon

Trump’s new labor secretary refused to delay controversial rule

BY: Bill McMorris


Acosta indicated in a Wall Street Journal op-ed that the department would move forward with the rule, while leaving open the possibility of amending it. He said that he would follow through on Trump’s call for a review of the regulation and seek additional public comment and input from the industry, as well as financial watchdogs.

“Respect for the rule of law leads us to the conclusion that this date cannot be postponed,” he wrote. “Trust in Americans’ ability to decide what is best for them and their families leads us to the conclusion that we should seek public comment on how to revise this rule.”

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