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.”

The DOL’s rule is one of those.

Chamber is among the groups bringing the case against DOL’sfiduciary rule in the Texas case, along with other plaintiffsincluding the Securities Industry and Financial Markets Association(SIFMA) and the Financial Services Institute.

The U.S. District Court for the Northern District of Texasheard oral arguments in the case on Nov. 17. Lawyersattending the arguments had differing views about which way JudgeBarbara M.G. Lynn was leaning. A decision by Lynn is anticipated byyear-end.

The nine plaintiffs in the Texas case are represented by formerDOL solicitor Eugene Scalia, who’s now a partner in Gibson,Dunn & Crutcher’s Washington office and a son of deceasedSupreme Court Justice Antonin Scalia.

Donohue said in his Monday blog post that “congressional leadersshould prioritize legislation that would reform the way rules aremade and enforced,” noting that Chamber led a coalition of 380business associations and local chambers of commerce to urge Houseleaders to move quickly on the Regulatory Accountability Act in thenext Congress. “It would make the regulatory process moretransparent, agencies more accountable, and regulations bettertargeted to solve existing problems without creating new ones,”Donohue wrote.