Examining the DOL Fiduciary Rule: Implications for Retirement Savings and Access (EventID=116725)

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Connect with the House Financial Services Committee Get the latest news: https://democrats-financialservices.house.gov/ Follow us on Facebook: https://www.facebook.com/HouseFinanci... Follow us on Twitter: https://twitter.com/FSCDems ___________________________________ On Wednesday, January 10, 2024, at 10:00 a.m. (ET) Subcommittee on Capital Markets Chair Wagner and Ranking Member Sherman will host a hearing entitled, “Examining the DOL Fiduciary Rule: Implications for Retirement Savings and Access." ___________________________________ Witnesses for this one-panel hearing will be: • Bradford Campbell, Partner, Faegre Drinker • Susan Neely, President and CEO, American Council of Life Insurers (“ACLI”) • Jason Berkowitz, Chief Legal & Regulatory Affairs Officer, Insured Retirement Institute (“IRI”) • Marc Cadin, CEO, Finseca ___________________________________ On October 31, 2023, the Department of Labor released its proposed “Retirement Security Rule” redefining who is an investment advice fiduciary under the Employee Retirement Income Security Act (“ERISA”). The determination of who is a fiduciary is significant because many of the protections, duties, and liabilities of ERISA hinge on fiduciary status. The hearing will explore the necessity of the proposed rule, assess its alignment with existing regulations and legislative intent, and advocate for measures that enhance retirement security without creating unnecessary obstacles. ___________________________________ Hearing page: https://democrats-financialservices.house.gov/events/eventsingle.aspx?EventID=411106