The U.S. House of Representatives passed a resolution of disapproval of the Department of Labor's fiduciary rule today by a 234 to 183 vote.
The vote was almost entirely along party lines—one Republican voted nay.
If the resolution is approved in the Senate, it is all but guaranteed to be vetoed by President Obama.
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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.
