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Members of the Senate Committee on Health, Education, Labor and Pension last week sent a letter to acting Labor Secretary Julie Su, asking the Labor Department to stop further action on its pending fiduciary rule. Sens. Bill Cassidy, R-La., and Virginia Foxx, R-N.C., said the department had supported three separate definitions for what it means to be an investment advice fiduciary over the past two years and had thus "created unnecessary instability for retirement plans, retirees and savers."
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