On Feb. 4, Sen. Roy Blunt (R-Mo.) introduced the Retail Investor Protection Act, companion legislation to Rep. Ann Wagner’s bill, to stop the Department of Labor from moving forward on its rule to change the definition of fiduciary on retirement advice.

The bill was co-sponsored by Sens. Mike Crapo (R-Idaho), Steve Daines (R-Mont.), Johnny Isakson (R-Ga.), Mark Kirk (R-Ill.) and Shelley Moore Capito (R-W.Va.).

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