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Congress Ramps Up Efforts to Gut Financial Regs

Both chambers of Congress are gearing up to rollback efforts to increase financial industry regulations, including the fiduciary standard. So reports benefitspro.

Senate Finance Committee Orrin Hatch is pushing forward with his SAFE Act, which would make sweeping changes to regulations of the retirement industry while House Representative Ann Wagner plans to block the Department of Labor’s proposed fiduciary rule.

Read the full article in benefitspro.com.

 

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