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GOP Reps Demand Proof DOL Didn’t Go It Alone on Fiduciary

Two top GOP lawmakers told Labor Secretary Thomas Perez on Wednesday to furnish to them by March 18 all of the correspondence between the Department of Labor and the Securities and Exchange Commission regarding DOL’s fiduciary redraft. Rep. John Kline, R-Minn., chairman of the House Education and the Workforce Committee, and Rep. Phil Roe, R-Tenn., chairman of the Health, Employment, Labor and Pensions Subcommittee, told Perez that a “revised notice of proposed rulemaking” should not be issued by the DOL “until after Congress is satisfied that sufficient coordination has occurred.” More on Think Advisor here.

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