House is set to vote on bill to delay DOL fiduciary rule

The House is scheduled this week to take up a bill that would require the Labor Department to wait for the Securities and Exchange Commission to adopt a fiduciary rule for brokers before proposing one for retirement plans. The bill would prohibit the Labor Department from proposing a broader definition of "fiduciary" until 60 days after the SEC acts on the issue. The White House advisers say they would recommend a veto on such a bill.

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