By Westbank Louisiana News |
May 15, 2024
U.S. Senators Bill Cassidy, M.D. (R-LA), ranking member of the Senate Health, Education, Labor, and Pensions (HELP) Committee, Ted Budd (R-NC), Joe Manchin (D-WV), and Roger Marshall, M.D. (R-KS) introduced a Congressional Review Act (CRA) resolution on May 15th to overturn the Biden administration's new rule that expands the Department of Labor’s (DOL) regulatory power over financial advisors. The policy is said to increase the cost of compliance for financial advisors and restrict access to retirement investment savings for many low-income Americans. U.S. Representative...