January 20, 2016 1 min read

CFA Urges Members of Congress to Oppose Legislation that Would Weaken Protections for Retirement Savers

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Consumer Federation of America, as part of the Save Our Retirement coalition, is calling on members of Congress to oppose H.R. 4293 and H.R. 4294, legislation which would weaken protections for retirement savers. As strong supporters of the Department of Labor’s (DoL) effort to strengthen retirement income security for working families and retirees, CFA urges members of Congress to reject the purported “alternative” to the DoL rulemaking. Whereas DoL ‘s proposed rule would require all financial professionals who provide retirement investment to act in their clients’ best interest, these bills would not and would weaken existing safeguards protecting investors.

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