U.S. Chamber Commends the Department of Labor for Finalizing Rule Providing Greater Clarity and Protecting Retirement Savings

Wednesday, December 16, 2020 - 2:30pm

WASHINGTON, D.C. - Tom Quaadman, executive vice president, Center for Capital Markets Competitiveness, U.S. Chamber of Commerce issued the following statement after the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) finalized the “Improving Investment Advice for Workers & Retirees Exemption” rule:

“The U.S. Chamber commends the Department of Labor on the final “Improving Investment Advice for Workers & Retirees Exemption” rule released yesterday. By providing clarity to investment advice standards, the rule will ensure Americans investing for their future will receive advice that is in their best interest and have expanded access to advisers. Ultimately, this rule will bolster and protect the retirement savings of hard-working Americans.”