Bank Insurance Agency Management
Community Banks and Insurance
Compliance and Risk Management
Wealth Management
Insurance Product Marketing

Monday, April 25, 2016

House to Take Up Bill Block Fiduciary Rule

The House Education and Workforce Committee last Thursday voted by a 22-14 margin to advance a bill to block the recently finalized fiduciary rule, which defines who counts as a fiduciary under the Employee Retirement Income Security Act and Internal Revenue Code. The bill was introduced by Rep. Phil Roe (R-Tenn.) and is expected to be considered by the full House this week.

Meanwhile, the House Financial Services Committee on Wednesday will hold a hearing on making development banks more accountable.