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As previously reported by GOBankingRates, the rule was announced by the Labor Departments Employee Benefits Security Administration.
The fiduciary rule was finalized in April 2024.
Thats because the advice failed to meet the requirement that such advice be provided on a regular basis.'
Many on Wall Street have opposed it as well.
And earlier this month, Congressional Republicans advanced a measure to overturn the rule.
But the rule has plenty of supporters as well, especially among unions.
We strongly urge you to stand with working families and vote no onall such CRA resolutions.
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