Financial Planning Coalition Statement on Senate Vote to Disapprove DoL Fiduciary Rule

Washington, D.C. – The Financial Planning Coalition – comprising Certified Financial Planner Board of Standards, Inc. (CFP Board), the Financial Planning Association® (FPA®) and the National Association of Personal Financial Advisors (NAPFA) – issued the following statement regarding today’s vote in the Senate to block the Labor Department’s final fiduciary rule under the Congressional Review Act:

“Today’s vote, like the House vote before it, is a misplaced attempt by the Senate to derail a rule that will help millions of Americans grow and protect their retirement savings. We urge Congress to reject this and any future attempts to block this important consumer protection.”