Bobby Scott: “The bill that we are considering today would delay the rulemaking that would take the necessary steps to protect…”

“The bill that we are considering today would delay the rulemaking that would take the necessary steps to protect employees and retirees who are currently being taken advantage of by investment advisers who are giving this unscrupulous advice. Millions of Americans look to financial advisers for advice. There is nothing wrong with requiring them to have a fiduciary responsibility to those they are advising. It is about time that we make sure the investors are getting the good advice that they deserve. Therefore, we should defeat this bill.”