Rick Allen: “It was mentioned earlier about a hearing that we sat through in the Committee on Education and the Workforce on this…”

“It was mentioned earlier about a hearing that we sat through in the Committee on Education and the Workforce on this rule, which frankly I couldn't believe. The American people want choice, not another top-down government rule where you take away their choice. That is why I rise today in support of H.R. 1090, the Retail Investor Protection Act, to block the Department of Labor's misguided fiduciary rule. All across Georgia's 12th District people depend on their trusted financial advisers to help manage their hard-earned savings and plan for future retirement. As drafted, the Department of Labor's 1,000-page rule is simply unworkable. Unaltered, this burdensome regulation would harm the very people it is designed to protect the most by substantially limiting access and increasing costs of retirement planning. The Federal Government has no right to prevent low-and middle-income families and small businesses from accessing affordable financial planning advice. I urge my colleagues to stand up to the Department of Labor by supporting H.R. 1090.”