You’ll never guess what made GOP House Education and the Workforce members’ list of reckless rulemakings.
Referring to the DOL fiduciary rule as “misguided,” a press release notes that at a time when too many Americans are already struggling to plan for retirement, “the Obama administration advanced a partisan rule that makes it even more difficult for hardworking men and women to save for the future.” Committee Chairwoman Virginia Foxx (R-N.C.) is quoted as saying, “The Department of Labor’s fiduciary rule will significantly impact the ability of Americans to receive advice on how to save for retirement and make it more difficult for businesses, in particular small businesses, to establish retirement plans.”
The other items on the “high four” list are:
- A “fundamentally flawed” overtime rule.
- An unprecedented K-12 regulatory proposal (the Department of Education’s proposed multibillion-dollar regulatory tax on local communities).
- Partisan “blacklisting” regulations.