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New fiscal spending bill threatens DOL fiduciary rule

Democrats ESG

The proposed legislation governing funds for fiscal year 2025 would hamper the agency’s ability to administer, implement, or enforce the rule.

The Department of Labor’s contentious fiduciary rule is facing a fresh challenge in Congress as a key piece of legislation restricting the agency's ability to use funds for certain purposes clears an early hurdle.

On Thursday, an arbitrating group within the House Appropriations Committee passe

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