Political Quotes

“I include in the Record a letter in opposition to the resolution, in support of the rule, from a long list of consumer organizations, as well as five pages of quotes from industry officials in support of the rule. Save Our Retirement, April 26, 2016. Re Oppose the Resolution to block DOL's final conflict of interest rule. Dear Representative: As organizations that support the Department of Labor's (DoL) rule to update and strengthen protections for retirement savers, we are writing to urge you to oppose H.J. Res 88, the Resolution of Disapproval that would block its implementation. This rule is a tremendous accomplishment in the fight to improve our nation's retirement income security and should be supported. The rule will at long last require all financial professionals who provide retirement investment advice to put their clients' best interests ahead of their own financial interests. By taking this essential step, the rule will help all Americans--many of whom are responsible for making their own decisions about how best to invest their retirement savings--keep more of their hard-earned savings so they can enjoy a more financially secure and independent retirement. In promulgating this rule, the DoL engaged in an open and inclusive process, and the final rule is better as a result.…”