{"id":22124,"date":"2024-07-08T16:49:03","date_gmt":"2024-07-08T16:49:03","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2024\/07\/08\/house-panel-to-vote-on-resolution-to-kill-dol-fiduciary-rule\/"},"modified":"2024-07-08T16:49:03","modified_gmt":"2024-07-08T16:49:03","slug":"house-panel-to-vote-on-resolution-to-kill-dol-fiduciary-rule","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/07\/08\/house-panel-to-vote-on-resolution-to-kill-dol-fiduciary-rule\/","title":{"rendered":"House Panel to Vote on Resolution to Kill DOL Fiduciary Rule"},"content":{"rendered":"
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The House Education and Workforce Committee has scheduled for Wednesday a vote on a Congressional Review Act resolution<\/a> to disapprove the Labor Department\u2019s new fiduciary rule, according to a notice<\/a> on the committee\u2019s website.<\/p>\n

The Insured Retirement Institute, which calls the rule an \u201cattempt to impose a one-size-fits-all fiduciary standard on virtually all financial professionals who sell retirement products,\u201d said that it was urging committee members to approve it.<\/p>\n

The Congressional Review Act allows Congress to overturn rules issued by a presidential administration through a joint resolution of disapproval. The resolution must pass the House and Senate and be signed by the president, or Congress must override the president\u2019s veto.<\/p>\n

More Congressional Moves<\/h2>\n

On June 26, the House Appropriations subcommittee on Labor, Health and Human Services, Education and related agencies passed by voice vote<\/a> funding legislation for fiscal year 2025<\/a> that would prevent Labor from using any funds to administer, implement or enforce its new fiduciary rule and related prohibited transaction exemptions.<\/p>\n

The House Subcommittee on Health, Employment, Labor and Pensions, chaired by Rep. Bob Good, R-Va., held a hearing June 27<\/a> to examine the policies and priorities of Labor\u2019s Employee Benefits Security Administration. Lisa Gomez, head of EBSA, testified.<\/p>\n","protected":false},"excerpt":{"rendered":"

The House Education and Workforce Committee has scheduled for Wednesday a vote on a Congressional Review Act resolution to disapprove the Labor Department\u2019s new fiduciary rule, according to a notice on the committee\u2019s website. The Insured...<\/p>\n","protected":false},"author":1,"featured_media":22125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/07\/house-panel-to-vote-on-resolution-to-kill-dol-fiduciary-rule.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22124"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=22124"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/22125"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=22124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=22124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=22124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}