Sen. Murray Issues Statement on Reports Trump to Delay Protections for Retirees

WASHINGTON, Aug. 9 -- Sen. Patty Murray, D-Wash., ranking Democratic member of the Senate Health, Education, Labor and Pensions Committee, issued the following statement on reports that the Department of Labor will seek to delay critical protections requiring financial advisers to act in their clients' best interests when giving advice about retirement plan:

"If true, this is deeply disappointing and yet another example of how President Trump has shattered his promises to 'drain the swamp' and stand with working families.

"Once again, I urge the Administration to reverse course on their harmful efforts to weaken these protections for retirement savers and instead implement the final rule as intended, which has now been more than seven years in development."