Jeb Hensarling: “Simply to say, Mr. Speaker, at one time this administration told us, if you liked your doctor, you could keep them. Now…”

“Simply to say, Mr. Speaker, at one time this administration told us, if you liked your doctor, you could keep them. Now this same administration is telling us, if you like your financial adviser, you can keep them. The first promise was broken, and now they are in the process of breaking the second promise due to something called the Department of Labor fiduciary rule. It will take away investment advice from hundreds of thousands, if not millions of low- and moderate-income people all around the Nation who rely upon this advice to save for retirement. This is something that should be considered by the Securities and Exchange Commission, and there has been outstanding work by the gentlewoman from Missouri (Mrs. Wagner) who has been at the forefront of protecting retail investors, the small moms and pops planning for their retirement. Mr. Speaker, I yield 5 minutes to the gentlewoman from Missouri (Mrs. Wagner). {time} 1630”