Act Today on the DOL Fiduciary Rule!
Please join us in participating in the grassroots campaign. Get the word out that there is a vote this Friday hitting the Senate floor to block appropriations for the DOL and delay the funding of the rule. Follow the link below, Click "Communicate with your Senator Now", enter a zip code, and send a letter off! More than this, make a phone call or e-mail to the Senator's offices in order to take action now!
As many of you are aware, the Department of Labor (DOL) has proposed a rule that redefines and extends the fiduciary duty standard to persons who provide investment advice to individual retirement account (IRA) owners and to Employee Retirement Income Security Act (ERISA) retirement plans. Congress would like to delay the implementation of the rule to ensure the DOL has fully vetted the rule’s impact. In order to make this happen, Congress must act by December 11. Therefore, the U.S. Senate will include rider language in an omnibus appropriations bill that withholds funding from the DOL for this purpose. Bipartisan support for this rider language is needed to clear the Senate’s 60-vote threshold.
Now you can take action and let your voice be heard by going to Insured Retirement Institute (IRI) website, where they have launched a tool making it easy for financial professionals like yourself to submit comments to your senator, telling them that fixing the DOL’s fiduciary rule is imperative.