This transfer was anticipated by Fred Reish and Brad Campbell, companions at Faegre Drinker, throughout their Feb. 22 “Contained in the Beltway” webcast, after they agreed that Labor will probably file its revised fiduciary plan with the OMB for assessment by Could — with a remaining rule anticipated to be launched by Labor someday this summer season.
This timeline “appears to be pushed, partially, by the elections,” Campbell stated. The present administration “goes to need this rule in place by Jan. 1, in order that regardless who wins, it’s a problem that’s already taken impact.”
Associated: DOL Reviewing 19,000 Fiduciary Rule Comments
