News Home
Foxx Statement on Obama Administration’s New Regulations on Financial Advisors
Washington,
April 6, 2016
Tags:
Jobs and the Economy
WASHINGTON – Rep. Virginia Foxx, R-N.C., today released the following statement on the Department of Labor’s final fiduciary rule, which affects financial advisors and retirement investment:
“The federal government should not implement regulations that make it more difficult for hardworking Americans to save money for the future. The simple truth is that the Department of Labor’s rule will reduce access to investment options and will increase costs for people saving towards retirement.” ### U.S. Rep. Virginia Foxx represents North Carolina’s 5th Congressional District and is the elected Republican Conference Secretary. Dr. Foxx is the chair of the House Education and the Workforce Subcommittee on Higher Education and serves as Vice Chair of the House Rules Committee. |