U.S. Chamber Statement on DOL Notice of Proposed Rulemaking to Delay the Fiduciary Rule
U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued the following statement today regarding the Department of Labor’s notice of proposed rulemaking to delay the fiduciary rule:
“We commend the Department of Labor for its swift action to protect retirement savers by issuing a notice of proposed rulemaking to delay the fiduciary rule, which will help ensure all Americans have access to the advice and choices needed when saving for their future.
“Our goal is to strengthen our nation’s retirement system so it meets the retirement needs of small business owners, employees, and retirement savers. Now, we look forward to working with the administration and Congress on policy that achieves this shared objective.”
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.