Warren also pledged to examine reforms to laws such as ERISA so that "they do not preempt positive experimentation by states and municipalities around issues of economic security and worker benefits." (Photo: Callaghan O'Hare/Bloomberg)
Sen. Elizabeth Warren, D-Mass., vows to restore the Labor Department's vacated fiduciary rule if she is elected president.
In a 14-page labor manifesto released Thursday, Warren states that as part of her plan to defend worker pensions and other retirement savings, she will restore the Labor Department's fiduciary rule that was vacated by the U.S. Court of Appeals for the 5th Circuit "that the Trump administration delayed and failed to defend in court, so that brokers can't cheat workers out of their retirement savings."
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Melanie Waddell
Melanie is senior editor and Washington bureau chief of ThinkAdvisor. Her ThinkAdvisor coverage zeros in on how politics, policy, legislation and regulations affect the investment advisory space. Melanie’s coverage has been cited in various lawmakers’ reports, letters and bills, and in the Labor Department’s fiduciary rule in 2024. In 2019, Melanie received an Honorable Mention, Range of Work by a Single Author award from @Folio. Melanie joined Investment Advisor magazine as New York bureau chief in 2000. She has been a columnist since 2002. She started her career in Washington in 1994, covering financial issues at American Banker. Since 1997, Melanie has been covering investment-related issues, holding senior editorial positions at American Banker publications in both Washington and New York. Briefly, she was content chief for Internet Capital Group’s EFinancialWorld in New York and wrote freelance articles for Institutional Investor. Melanie holds a bachelor’s degree in English from Towson University. She interned at The Baltimore Sun and its suburban edition.
