Sens. Isakson, Alexander Applaud Court Decision to Preserve Affordable Retirement Planning for Hardworking Americans
Isakson and Alexander said the court's ruling on Thursday is a victory for hardworking Americans who need access to affordable retirement planning advice.
Isakson, Alexander, other members of
"I'm thankful that the court has recognized that the 'fiduciary rule' represents a massive bureaucratic overreach and is a solution in search of a problem," said Isakson, chairman of the
"The appeals court ruling to vacate the Obama-era so-called 'fiduciary rule' is good news for
Within the fine print of hundreds of pages of
Isakson's previously introduced legislation, the Affordable Retirement Advice Protection Act, S.1321, cosponsored by Alexander, seeking to overturn the "fiduciary rule" to preserve access to quality financial planning and ensure that retirement advisors serve the best interests of low- and middle-income Americans. It also sought to amend the Employee Retirement Income Security Act of 1974 to raise investment advice standards for the retirement industry and strengthen protections for those saving for retirement.
Isakson and Alexander have fought relentlessly against the fiduciary rule since it was first announced by the Obama administration, including with multiple legislative attempts to overturn the rule and a letter to Secretary of Labor
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