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Wagner Responds to Fiduciary Rule Heading to OMB

Statement

Date: Jan. 29, 2016
Location: Washington, DC
Issues: Government Budget and Spending

Today, Congresswoman Ann Wagner (R-MO-02) released the following statement after the U.S. Department of Labor submitted the updated Fiduciary Rule to the Office of Management and Budget (OMB):

"American families are already facing a savings crisis and the President's insistence on pushing this rule forward will only make the problem worse. The Department of Labor has ignored Congress, thumbed its nose at the thousands of Americans who have expressed concerns about the impact this Rule will have on family savings and jobs, and has charged blindly forward with this executive overreach. It's imperative that we preserve low- and middle-income Americans' access to sound investment advice and the House passed Retail Investor Protection Act will do just that. This fight is far from over."


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