(Photo: Mike Scarcella/ALM)
Since the White House Office of Management and Budget (OMB) finished its review of the new Department of Labor's fiduciary rule April 10, the Biden Administration is expected to release the final rule in the coming weeks, possibly within a matter of days.
A letter from 55 House Democrats sent April 8 to the OMB from Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, urging them to expedite the review process, could possibly have helped to expedite the process.
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