Chamber Says Texas Judge Should Still Block Fiduciary Rule

Law360, New York (March 17, 2017, 5:23 PM EDT) -- The U.S. Chamber of Commerce and other business groups urged a Texas federal court on Thursday to block the U.S. Department of Labor’s fiduciary rule despite the agency’s recent pledge not to enforce the rule if it can’t finalize a planned delay before the rule takes effect.

Though the DOL has said it won’t file enforcement actions against noncompliant advisers or institutions should the rule’s April 10 effective date not be pushed back by that date, allowing the rule to become active could still force the...
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