Press Releases

WASHINGTON – Today, Education and the Workforce Committee Chairwoman Virginia Foxx (R-NC) issued the following statement on the Office of Management and Budget (OMB) concluding its review of a fiduciary rule that would unduly burden retirement plans, retirees, and savers:

“OMB’s swift conclusion in its review of this fiduciary rule gives rise to serious questions as to whether the agency has extended due consideration to stakeholder input and allowed their views to be fully heard and accounted for in this process. The pattern of behavior that the agency has exhibited thus far shows a blatant disregard for doing so—OMB would do well to get its act together.” 

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