Tag Archives: regulatory burden

Texas Court Upholds DOL Fiduciary Rule

A judge in the U.S. District court for the Northern District of Texas ruled yesterday that the Department of Labor acted within its statutory authority in issuing the fiduciary rule last year, which greatly expanded the definition of “fiduciary” under the Employee Retirement Income Security Act and the Internal Revenue Code.

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Hensarling Joins Summit Speaker Lineup

House Financial Services Committee Chairman Jeb Hensarling (R-Texas) has been added as a keynote speaker at the ABA Government Relations Summit, to be held March 20-22 in Washington, D.C.

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Mnuchin, McMahon, Sessions Nominations Advance

The Senate Finance Committee approved Steven Mnuchin's nomination as secretary of the treasury, and the Senate Small Business Committee voted to advance Linda McMahon as administrator of the Small Business Administration. Both must now be confirmed by a majority vote in the full Senate.

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Trump Issues Order Aiming to Contain Cost, Volume of Regulations

President Trump issued an executive order today aiming to restrain the growth in regulatory costs and volume. The order would require a net incremental budgetary cost of zero or less for most new regulations while also requiring agencies in most cases to identify two regulations to be rescinded for every new one issued.

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Mnuchin Mounts Strong Defense of Banking Career

In an often combative confirmation hearing before the Senate Finance Committee today, Treasury Secretary-Designate Steven Mnuchin made a strong defense of his banking career and emphasized the Trump administration’s plans for regulatory relief and tax reform.

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