House Reaffirms Wagner Policy to Protect Retirees

Apr 28, 2016
Press Release

For Immediate Release

Contact: Meghan Burris | (202) 225-1621

Washington, D.C. – Today, Congresswoman Ann Wagner (R-MO-02) applauded the U.S. House of Representatives for passing H.J. Res. 88, Protecting Access to Affordable Retirement Advice. This resolution, which was introduced by Wagner last week along with Reps. Phil Roe (R-TN) and Charles Boustany (R-LA) under the Congressional Review Act, will stop the Obama Administration and DOL from implementing its recently released “fiduciary” rule.

Following the passage of the resolution by a 234-183 vote, Congresswoman Wagner released the below statement:

“The DOL’s fiduciary rule is ObamaCare for your retirement savings, only hurting those its claims to protect: low- and middle-income families who are looking to responsibly save for retirement in the midst of a savings crisis.  I thank my colleagues for coming together to put a stop to this misguided rule that is the epitome of a top-down, Washington-knows-best power grab.

“Today’s vote is about Main Street, not Wall Street, and better protecting families today, who are living paycheck to paycheck, from a thousand pages of regulations, which would ultimately create two classes of investors: those who can afford help in saving for retirement and those who cannot.  We must do more to empower American families to plan and invest in their futures. I look forward to the Senate acting on this resolution and sending it to the President’s desk.”

Congresswoman Wagner’s Floor Speech on H.J. Res. 88