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Bill to overhaul Dodd-Frank, eliminate fiduciary rule clears House

The House voted 233-186 to pass the Financial CHOICE Act, which would repeal and replace the Dodd-Frank Act and includes a provision restricting the Labor Department's power to impose a fiduciary duty on retirement advice. Meanwhile, a request for information posted last week is seeking input about the rule. PFP/PFS section members can access the AICPA PFP DOL Resources Page with podcasts and other materials to help them comply with this rule.

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