Amendment114th Congress
An amendment numbered 1 printed in House report 114-313 to replace the bill's existing requirement that the Department of Labor (DOL) stop its rulemaking pending a final Securities and Exchange Commission (SEC) rule with a requirement that the SEC revises its own regulations governing fiduciary duty no later than 60 days after the DOL finalizes its rule and coordinates its rulemaking with the DOL.
- Amendment Number
- 732
- Description
- An amendment numbered 1 printed in House report 114-313 to replace the bill's existing requirement that the Department of Labor (DOL) stop its rulemaking pending a final Securities and Exchange Commission (SEC) rule with a requirement that the SEC revises its own regulations governing fiduciary duty no later than 60 days after the DOL finalizes its rule and coordinates its rulemaking with the DOL.
- Purpose
- Amendment sought to allow the Department of Labor to complete and adopt a rule to require that investment advisers act solely in the best interests of the workers and retirees who rely upon them in making financial decisions regarding their retirement.
- Congress
- 114
- Type
- HAMDT
- Latest Action Date
- Oct 27, 2015
- Latest Action Text
- On agreeing to the Lynch amendment (A002) Failed by the Yeas and Nays: 184 - 246 (Roll no. 574).
- Latest Action Time
- 18:18:29
- Submitted Date
- Oct 27, 2015
- Chamber
- House of Representatives
- Update Date
- Dec 15, 2020