Dear Representative:
On behalf of the AFL-CIO, I urge you to reaffirm your support for the Department of Labor’s new rule to protect retirement savers from investment advisors’ conflicts of interest by voting to sustain the President’s veto of the Resolution of Disapproval (H J. Res. 88).
The President got it exactly right in his veto message: “This rule is critical to protecting Americans' hard-earned savings and preserving their retirement security.” He understands that retirement savers require and deserve investment advice that is in their best interests, not riddled with conflicts of interest, which is what this rule will ensure. We hope we can count on you to stand again with the multitude of consumer groups in support of this rule and see it to the finish line.
Thank you for your consideration of our views.
Sincerely,
William Samuel, Director
Government Affairs Department
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