Thank you all for advocating for veterans, what you do every day of your life.

I think without you doing that we would never have known a lot of these things, and I think it'd still been going on.

Our goal as policymakers should be to advance bold bipartisan solutions that will help more Americans plan, invest, and save for retirement.

If this rule goes into effect, a lot of people will quickly learn that their financial adviser, someone they have known and trusted for years, will no longer be able to take their call.

This latest fiduciary proposal will lead to the same harmful consequences as the first and should suffer the same fate.

Imagine what would happen if doctors were prohibited from receiving compensation.

Totally agree with that.

You can't save enough money. I don't know if anybody ever said they have saved too much money.

Regrettably, the Department's fiduciary regulation would move our country in the opposite direction.

Yet that is precisely what this regulatory proposal would do.

Unfortunately, that is not the case. Instead, we are here to address a regulatory scheme that will hurt a lot of families, retirees, and small-business owners.

Please withdraw this proposal and work with this committee on a responsible, bipartisan approach that will strengthen protections for investors.