On Wednesday, July 19 at 2:30 p.m., the House Committee on Education and the Workforce, chaired by Rep. Virginia Foxx (R-NC), will mark up the Affordable Retirement Advice for Savers Act (H.R. 2823). Introduced by Rep. Phil Roe (R-TN), the legislation would protect access to affordable retirement advice by overturning the Obama administration’s fiduciary rule while ensuring retirement advisors serve their clients’ best interests.
Upon announcement of the markup, Chairwoman Foxx said:
“For years, this committee has led the fight against the reckless fiduciary rule promulgated by the Obama administration and has promoted commonsense solutions to strengthen protections for retirement savers. This legislation represents the next step in our effort to ensure all Americans have access to affordable retirement advice that’s in their best interests. I commend my colleague Representative Roe for championing this proposal, and look forward to moving it through the legislative process.”
For a fact sheet, click here.
For a bill summary, click here.
On Tuesday, July 18 at 10:00 a.m. the committee will hold a hearing on the implementation of the Every Student Succeeds Act (ESSA). The hearing will explore state and local implementation the law, focusing on state plan development and the reaction of state and local stakeholders to the changes envisioned by ESSA.
The witnesses for Tuesday’s hearing will be:
Ms. Jacqueline Nowicki
Director, K-12 Education
U.S. Government Accountability Office
Washington, DC
Dr. Gail Pletnick
Superintendent
Dysart Unified School District
Surprise, AZ
Mr. Phillip Lovell
Vice President of Policy Development and Government Relations
Alliance for Excellent Education
Washington, DC
Dr. Carey Wright
State Superintendent
Mississippi Department of Education
Jackson, MS
Both the markup and the hearing will take place in room 2175 of the Rayburn House Office Building.
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