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White House issues veto threat for House bill on Labor Department rule
Source: Reuters
Politics | Mon Oct 26, 2015 6:09pm EDT
White House issues veto threat for House bill on Labor Department rule
WASHINGTON
The White House issued a veto threat on Monday for a U.S. House of Representatives' bill that it said would "derail" an effort by the Labor Department to provide new protections to investors receiving advice from brokers.
"This bill would effectively block action to protect working and middle-class families from the harmful conflicts of interest that lead to biased advice," the White House said in a statement about the Retail Investor Protection Act.
(Reporting by Roberta Rampton; Editing by Sandra Maler)
White House issues veto threat for House bill on Labor Department rule
WASHINGTON
The White House issued a veto threat on Monday for a U.S. House of Representatives' bill that it said would "derail" an effort by the Labor Department to provide new protections to investors receiving advice from brokers.
"This bill would effectively block action to protect working and middle-class families from the harmful conflicts of interest that lead to biased advice," the White House said in a statement about the Retail Investor Protection Act.
(Reporting by Roberta Rampton; Editing by Sandra Maler)
http://www.reuters.com/article/2015/10/26/us-usa-obama-labor-idUSKCN0SK2QN20151026
1 replies
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= new reply since forum marked as read
'bemoaning' expensive new rules congress is 'considering.' Call your congressman!!! 