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H.R. 355: Protecting American Families’ Retirement Advice Act

The text of the bill below is as of Jan 6, 2017 (Introduced).


I

115th CONGRESS

1st Session

H. R. 355

IN THE HOUSE OF REPRESENTATIVES

January 6, 2017

introduced the following bill; which was referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To provide for a 2-year delay in the effective date of a rule of the Department of Labor relating to the Definition of the Term Fiduciary; Conflict of Interest Rule-Retirement Investment Advice.

1.

Short title

This Act may be cited as the Protecting American Families’ Retirement Advice Act .

2.

Effective date of rule

Notwithstanding the effective date set forth in the rule submitted by the Department of Labor relating the Definition of the Term Fiduciary; Conflict of Interest Rule-Retirement Investment Advice (published at 81 Fed. Reg. 20946 (April 8, 2016)), such rule shall not take effect until the date that is 2 years after the date of enactment of this Act.