DOL Denies Second Request for More Time on Fiduciary Rule Comments

In a letter sent Dec. 2 to acting Labor Secretary Julie Su, the senators — including Joe Manchin, D-W.Va., and Ben Cardin, D-Md. — told Su that “given the broad impacts of this potential rulemaking, we are concerned that you are rushing this process.”

Senate Finance Committee Chairman Ron Wyden, D-Ore., wrote in a separate letter to Su the same day that “given the many thoughtful comments” Labor received during its public hearings, held Dec. 12 and 13, Labor should extend the comment period by 30 days.