Date: April 28, 2016
Issue: Fiduciary Duty
To: The House of Representatives
Filing Type: Hill
Description: The undersigned associations, chambers of commerce, organizations, and small businesses urge you to pass legislation dealing with the U.S. Department of Labor’s (DOL) final rule on the Definition of a Fiduciary. This rule disproportionately disadvantages small businesses and those businesses with assets of less than $50 million, and stifles retirement savings for millions of employees by placing additional burdens on America’s leading job creators, small businesses, which will likely substantially reduce retirement savings for many Americans.