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That effort was blocked by the 5th U.S. Circuit Court of Appeals in 2018 and Kernodle said the latest version of the fiduciary rule fails for many of the same reasons.
Retirement savers and participants in 401(k) plans may soon face a new Department of Labor (DOL) policy, presenting them with either more investment options or just unnecessary costs, depending on ...
Labor Management Reporting and Disclosure Act; Long title: An act to provide for the reporting and disclosure of certain financial transactions and administrative practices of labor organizations and employers, to prevent abuses in the administration of trusteeships by labor organizations, to provide standards with respect to the election of officers of labor organizations, and for other purposes.
Department of Labor 2003 "interpretive bulletin," Field Assistance Bulletin 2003-3, May 19, 2003, concerning allocation of expenses in a defined contribution plan. Guide to ERISA rights from the United States Department of Labor; LA Times, 21 August 2005, "The Safety Net She Believed In Was Pulled Away When She Fell" (registration required)
President Trump signs a memorandum directing the Department of Labor to review a fiduciary rule signed during the Obama administration before its implementation in April. [116] President Trump institutes economic sanctions on 13 Iranian individuals and 12 companies from the nation [117] after a recent ballistic missile test. [118]
The number of Americans filing new claims for unemployment benefits was unchanged at a low level last week, pointing to continued labor market strength that is driving the economy. Labor market ...
Secretary Perez met with stakeholders during new rulemaking and then held a conference at the Center for American Progress, where he announced he was implementing the Fiduciary Rule on April 6, 2016. [142] Congress passed legislation overturning the Fiduciary Rule, but it was vetoed by President Obama on June 9, 2016. [144]
June 8, 2016: A joint resolution disapproving the rule submitted by the Department of Labor relating to the definition of the term "Fiduciary" (H.J.Res. 88) July 22, 2016: Presidential Allowance Modernization Act of 2016 ; September 23, 2016: Justice Against Sponsors of Terrorism Act (Passed over Veto)