The problem is that the regulations that govern fiduciary advisors would severely limit products available for retirement accounts and increase fees so much so that low- and moderate-income people would be more low-income, more moderate-income, and less informed.
Isakson highlights the negative impact of fiduciary regulations on low-income investors.
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I don't want to cut anybody out, but I want to make that point. I yield to Senator Shelby. The PRESIDING OFFICER (Mr. Crapo). The Senator from Alabama.
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