Proposal would require brokers working with IRAs and other retirement accounts to act in their clients' best interests, increasing the number of financial advisers who are deemed fiduciaries.
A two-sided debate about the FPC's stance on the proposed fiduciary rule.
But proponents look to the history of the fight to maintain optimism.
Legislation gives the Labor Department $1.4 billion less than requested
Both chambers move to derail president's call for a best-interest standard for retirement accounts.
Using an anecdote critical of VAs, Thomas Perez says most people are better served by simple investments.
The switch to Roth IRAs could yield an extraordinary payoff for workers at quantitative-trading specialist Renaissance, while the U.S. Treasury loses.
Holds up online-advice provider as exemplar of low-cost, fiduciary advice.
House measure would forbid Labor Department from spending any funds to finalize or implement the rule.