Amendment113th Congress
Amendment sought to authorize the Department of Labor to issue a fiduciary duty rule that protects access to investment education and advice and assures the availability of reasonable compensation to financial service providers. Amendment also sought to require a study of the effect of current investment industry practices on the standard of care provided to investors by persons providing investment advice, including the effect on low-income investors.
- Amendment Number
- 493
- Description
- Amendment sought to authorize the Department of Labor to issue a fiduciary duty rule that protects access to investment education and advice and assures the availability of reasonable compensation to financial service providers. Amendment also sought to require a study of the effect of current investment industry practices on the standard of care provided to investors by persons providing investment advice, including the effect on low-income investors.
- Purpose
- Amendment sought to authorize the Department of Labor to issue a fiduciary duty rule that protects access to investment education and advice and assures the availability of reasonable compensation to financial service providers. Amendment also sought to require a study of the effect of current investment industry practices on the standard of care provided to investors by persons providing investment advice, including the effect on low-income investors.
- Congress
- 113
- Type
- HAMDT
- Latest Action Date
- Oct 29, 2013
- Latest Action Text
- On agreeing to the Miller, George amendment (A002) Failed by the Yeas and Nays: 174 - 243 (Roll no. 565).
- Latest Action Time
- 17:07:47
- Submitted Date
- Oct 29, 2013
- Chamber
- House of Representatives
- Update Date
- Feb 3, 2022