Investment Management Counsel Quoted in ThinkAdvisoron Possibility of Riders to Fiduciary Reform Bills
Investment management counsel David Tittsworth (Washington, D.C.) was quoted in ThinkAdvisor‘s piece detailing that Rep. Ann Wagner’s bill to halt DOL’s fiduciary proposal passed the House on October 27. Though the Obama administration stated it would veto Wagner’s bill, a remaining question is whether Congress could add appropriations riders that would prevent DOL from using appropriated funds to implement its fiduciary rule. Mr. Tittsworth notes that the inclusion of such language is a possibility, but adds that it is slim either the House or the Senate would muster the votes needed to override a presidential veto.
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