The DOL's new Retirement Security Rule, which had been set to become effective Sept. 23, will remain on hold as appeals will be heard by the 5th Circuit, which blocked the previous Obama-era fiduciary rule.
In July, a judge put the Department of Labor's new Retirement Security Rule, which was set to go into effect September 23, on hold, where it seems likely to remain until after the presidential election.
A preliminary injunction, granted Thursday by a federal judge, puts the implementation of the Labor Department's controversial new Retirement Security Rule, set to take effect September 23, on hold until further order of the court.
The American Council on Life Insurers and eight other insurer groups are still seeking an injunction against the Department of Labor's controversial new Retirement Security rule, set to go into effect September 23.
The House Education and the Workforce Committee voted Wednesday to advance a resolution to overturn the Department of Labor's new fiduciary rule, which is also facing two lawsuits filed in federal courts.