ERISA Fiduciary Rule Not Dead, DOL Head Tells Lawmakers

Law360, New York (June 6, 2013, 6:01 PM EDT) -- The acting labor secretary told lawmakers at a Thursday hearing on the U.S. Department of Labor's 2014 budget request that the agency plans to repropose controversial regulations that would broaden the definition of "fiduciary" under the Employee Retirement Income Security Act.

Acting Secretary of Labor Seth D. Harris told members of a U.S. Senate appropriations subcommittee that the DOL is  in the process of working on the regulations. However, he said he was not yet aware of the timeline for the new proposal or of how...
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