This week, the U.S. Chamber of Commerce added to the welter of speculation over the Department of Labor's fiduciary rule's fate.
Chamber CEO Thomas Donohue said the organization is urging the incoming Trump administration's transition team to undo the regulation. To date, the Trump administration hasn't communicated its position on the rule.
Should the new administration heed the Chamber's advice, the most efficient route for lawmakers and the new Labor Department may be delaying the April 10, 2017 implementation date, say experts.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
