Press Releases

Today, Congressman Rick W. Allen (GA-12) issued the following statement after President Biden’s Department of Labor (DOL) finalized an overreaching fiduciary rule that will limit access to financial advice for millions of hardworking Americans:

“Today’s finalized fiduciary rule from President Biden’s DOL will have far-reaching implications for millions of American families seeking quality financial advice as they prepare for the future. This rule will throw countless retirement plans, retirees, and savers into a regulatory nightmare, and that is why I have immediate plans to introduce a Congressional Review Act Resolution of Disapproval to nullify this harmful rule and protect American families’ access to financial planning resources.”