Three companion bills have been introduced in the U.S. Senate that mirror legislative efforts in the House of Representatives to derail the Department of Labor's from implementing its proposed fiduciary rule.
Five Republican lawmakers are leading the effort in the Senate.
The Affordable Advice Protection Act, sponsored by Sen. Johnny Isakson, R-Georgia, and the Strengthening Access to Valuable Education and Retirement Support act, sponsored by Mark Kirk, R-Illinois, would both require Congressional approval of the DOL's rule.
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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.
