Los Angeles partner Fred Reish and Chicago associate Josh Waldbeser were quoted in a ThinkAdvisor article titled, “Financial Choice Act Faces Uncertain Future.” The Financial Choice Act of 2017—known by many as the bill to derail Dodd-Frank and the DOL’s fiduciary rule—has passed the House Financial Services Committee, but will face a tough challenge in the Senate. Some provisions of the bill include gutting the Consumer Financial Protection Bureau, ending the Volcker rule and repealing the fiduciary rule.

Josh noted that it would take quick and decisive work to get another delay pushed through before June 9 and that “the tenor of the existing delaying regulation indicates that no further delays should be expected in the short term.”

Read “Financial Choice Act Faces Uncertain Future.”

Source: ThinkAdvisor
Leave Drinker Biddle to Learn More