The U.S. Chamber of Commerce charges in a just-released report that new data coming out of a recent Department of Labor comment period on its fiduciary rule proves the rule is hurting small retirement savers.
The report, "The Data is In: The Fiduciary Rule Will Harm Small Retirement Savers," compiles survey statistics and other data submitted by various organizations in response to the recent comment period opened up as part of President Trump's Feb. 3 directive to review the rule.
Chamber says that its survey indicates that the DOL "underestimated the negative effects of the rule, particularly in reducing access to advice for small retirement savers and small businesses."
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