Date: March 13, 2017
Issue: Fiduciary duty; Retirement
To: Department of Labor
Filing Type: Letter
Description: The Chamber strongly support delaying the applicability date by 60 days. In fact, we believe that a longer delay, such as a minimum of an additional one year, is necessary in order to allow the Department to fully consider comments it has requested on the substance of the Fiduciary Rule, and to draft a proposed regulation revising or rescinding the Fiduciary Rule as authorized in the President’s Memorandum.