Rep. Brat Votes to Protect Access To Affordable Retirement Investment Advice
WASHINGTON, D.C. – U.S. Congressman Dave Brat (R-Va.) today issued the following statement following the passage of H.R. 1090, the Retail Investor Protection Act:
“As a member of the Education and the Workforce Committee and a co-signer of Rep. Ann Wagner’s (R-Mo.) letter to Labor Secretary Perez, I applaud the passage of H.R. 1090, the Retail Investor Protection Act.
“By stopping the Secretary of Labor from prescribing added regulations under which an individual is considered a fiduciary, this bill protected financial advice and lower costs for those saving for retirement. I am proud to have voted for this bill that helped ensure Americans with low and moderate incomes, as well as employees of small business, to continue to have access to affordable retirement investment advice.”
Article written by: Tom White