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.

Low- and middle-income families are the ones who will bear the brunt of this misguided proposal.

Offering some of the most basic assistance would be prohibited, such as advice on rolling over funds from a 401(k) to an IRA.

One of the most difficult challenges we face as a country is a lack of real retirement security for America's families.

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

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

Twenty-nine percent of people over 55 don't have any savings at all. That is frightening when you think about it.

We need to, and I believe this, the day I started practice we had a pension plan for every employee that was in our practice.

We are here to address a regulatory scheme that will hurt a lot of families, retirees, and small business owners.

I want to ensure that any written rule by the Department of Labor will make it easier for these investors to continue receiving high-quality retirement services from a trusted financial adviser, but this proposal fails them.

I used the WIC program for years as an OB/GYN doctor. It worked. WIC works; and when you put healthy food out there for people to eat.