Democrats on Capitol Hill are reportedly soliciting signatures on a letter that says all Republican riders to the omnibus spending bill must be rejected.
Opponents of the Department of Labor’s proposed fiduciary rule have been threatening for months to use the appropriations process to defund the agency’s effort to finalize and enforce a new fiduciary standard.
The omnibus, or appropriations bill, is due for a vote by December 11, or two weeks from Friday.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
