The U.S. Chamber of Commerce is “already working” with Trumpadministration transition officials to “undo” the Department of Labor’s fiduciary rule, ThomasDonohue, Chamber’s president and CEO, said Monday.

In his Monday blog post, In Your Corner, Donohuesaid that the Chamber is “urging immediate action to undo” Labor’sfiduciary rule, because “if enacted, it would choke economicgrowth, increase frivolous litigation against financial advisersand make saving for retirement more difficult for hardworkingAmericans.”

President-elect Donald Trump, Donohue wrote, “will have thepower to quickly undo some of President Obama’s executive orders byissuing executive orders of his own,” but other regulatory reformswill require going through “the lengthier and more complicatedrulemaking process.”