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Senator urges renewed fiduciary dialogue

Missouri Senator says EBSA and the industry can 'design an informative but achievable data request'.

By Staff Writer | Updated on April 30, 2012

Sen. Claire MacCaskill, R-Mo., is pressing the Department of Labor’s Employee Benefits Security Administration to re-open the dialogue EBSA started with industry trade groups regarding its data request on its fiduciary re-proposal so that both parties can “design an informative but achievable data request.”

“While I am glad that EBSA is seeking hard data to inform its rulemaking, I am worried that the EBSA and the industry do not seem to have a constructive relationship,” MacCaskill told EBSA head Phyllis Borzi in a April 23 letter.

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