Date: April 28, 2016
Issue: Capital Formation
To: The House of Representatives
Filing Type: Hill
Description: The U.S. Chamber of Commerce supports H.J. Res. 88, which would rescind the Department of Labor’s (DOL) controversial “fiduciary” rule. Throughout the rulemaking, the Chamber expressed deep concerns about the negative impact of the proposal, and while the final rule included some changes, serious concerns still remain, particularly concerning the impact on small businesses and individual savers.