Congressman Brett Guthrie (KY-02) recently voted for H.J. Res. 88, disapproving of the rule submitted by the Department of Labor (DOL) relating to the definition of the term “fiduciary.”
“Kentuckians deserve to have access to sound and affordable financial advice, helping them to save up for their hard-earned retirements,” said Guthrie. “I will continue to fight to keep retirement advice accessible to everyone who hopes to be able to invest their money and one day retire.”
The joint resolution nullifies the DOL’s recent change to the definition of the term “fiduciary,” also known as the conflict of interest rule, in regard to retirement investment advice.