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Obama Plans His Own Retirement, Vetoes Bill to Repeal Fiduciary Rule

Last month, the Senate voted 56-41 to rescind the Department of Labor’s “Fiduciary Rule” using the Congressional Review Act. This was after a House vote of 234-183 to repeal the regulation. Under the Congressional Review Act, the House and the Senate reserve the right to jointly overrule unnecessary or burdensome acts of regulatory overreach. Today, as promised, President Obama has blocked Congress' efforts to deregulate. This is the 10th veto of the Obama presidency.

Press Release

FreedomWorks Foundation Blasts Department of Labor’s Fiduciary Rule

Following the U.S. Department of Labor’s promulgation today of a fiduciary rule that will make it more complicated for older Americans to get retirement investment advice, FreedomWorks Foundation Executive Director Curt Levey commented: