Ann Wagner: “The changes the Department of Labor is proposing contain overly burdensome requirements that will increase consumer…”

“The changes the Department of Labor is proposing contain overly burdensome requirements that will increase consumer costs, limit choices, and cut off access to financial investment products that are known to provide a secure, guaranteed stream of income for retirees. Mr. Chair, I urge my colleagues to support this amendment and shut down the Department of Labor's fourth attempt at a fiduciary rule that will hurt retirees and investment savers, and I yield back the balance of my time. Ms. DeLAURO. Mr. Chair, I continue to oppose this amendment, and I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentlewoman from Missouri (Mrs. Wagner). The amendment was agreed to. Amendment No. 84 Offered by Mr. Norman The Acting CHAIR. It is now in order to consider amendment No. 84 printed in part B of House Report 118-272.”