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Foxx Statement on Obama Administration's New Regulations on Financial Advisors

Statement

By: Virginia Foxx

Date: April 6, 2016

Location: Washington, DC

Issues: Finance and Banking

Rep. Virginia Foxx, R-N.C., today released the following statement on the Department of Labor's final fiduciary rule, which affects financial advisors and retirement investment:

"The federal government should not implement regulations that make it more difficult for hardworking Americans to save money for the future. The simple truth is that the Department of Labor's rule will reduce access to investment options and will increase costs for people saving towards retirement."

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Foxx Statement on Obama Administration's New Regulations on Financial Advisors

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