WASHINGTON — Tomorrow, at 10:15 a.m., the Subcommittee on Health, Employment, Labor, and Pensions, chaired by Rep. Bob Good (R-VA), will hold a hearing titled: “Protecting American Savers and Retirees from DOL’s Regulatory Overreach.”
“DOL’s proposed fiduciary rule—better labeled as the ‘Retirement Insecurity Rule’—is just another example of the Biden administration’s reckless overreach that will have devastating impacts on Americans’ retirement savings,”said Chairman Good.“This rule will eliminate options for working-class Americans, reduce their ability to retire, and limit their access to financial advice. Republicans will use this hearing to advocate on behalf of American savers and retirees and expose the regulatory burden and confusion created by Biden’s radical DOL.”
What:
Subcommittee hearing titled “Protecting American Savers and Retirees from DOL’s Regulatory Overreach”
When:
10:15 a.m. on Thursday, February 15, 2024
Where:
2175 Rayburn House Office Building
Witnesses:
Mr. Doug Ommen, Insurance Commissioner, Iowa Insurance Division
Mr. Thomas Roberts, Principal, Groom Law Group
Mr. Joseph C. Peiffer, President, Public Investors Advocate Bar Association
Mr. Jason Berkowitz, Chief Legal and Regulatory Affairs Officer, Insured Retirement Institute
Press:
The hearing is open to the press and will be live-streamed on the Committee’s YouTube page.
