December 18, 2015
IRI released a statement after a bipartisan group of Members of Congress introduced a legislative package to develop a best interest standard for financial professionals. This proposal would serve as an alternative to the Department of Labor’s proposed fiduciary rule. The package, which includes two bills, was introduced by Reps. Peter Roskam (R-Ill.), Richard Neal (D-Mass.), Phil Roe (R-Tenn.) and John Larson (D-Conn.).