On the recordMay 24, 2016
today Americans have enough to worry about. Questioning the advice they get for their retirement savings accounts should not have to be one of them. We finally have a new protection on the books that would help protect seniors' retirement savings from biased retirement advice. It is called the fiduciary rule, and it is pretty simple. It says if financial advisers are giving people advice on their retirement accounts, they should put their clients' best interests ahead of their own. But with the resolution that is before us, Republicans want to prevent that rule from ever helping people to save up for retirement. Instead, they are dead set on saving the status quo that has allowed financial advisers to line their own pockets at the expense of people trying to save for their retirement. After a lifetime of hard work, all seniors should have the chance to live out their golden years on firm financial footing and with peace of mind. Once again, I urge my colleagues to vote no. I yield the floor. I suggest the absence of a quorum. The PRESIDING OFFICER. The clerk will call the roll. The senior assistant legislative clerk proceeded to call the roll.





