04.05.17

Scott, Waters, Cummings Denounce Trump Administration’s Delay of Conflict of Interest Rule

WASHINGTON – Today, Reps. Bobby Scott (VA-03), Maxine Waters (CA-43), and Elijah E. Cummings (MD-07), Ranking Members of the House Committees on Education and the Workforce, Financial Services, and Oversight and Government Reform, issued the following statement on the Trump Administration’s delay of the conflict of interest rule:

“It is unacceptable that now – days before the final conflict of interest rule is scheduled to begin – the Trump Administration is carelessly delaying the rule for an additional 60 days. According to the Economic Policy Institute, the Department of Labor’s 60-day delay of the rule will cost workers saving for retirement $3.7 billion. This rule is a responsible solution that will ensure workers and families get unbiased advice when investing their hard-earned retirement savings. We will continue to fight against these attempts to undermine the conflict of interest rule, and the Trump Administration’s ongoing attacks on working families.” 

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Press Contact

Arika Trim (Scott), 202-226-0853

Eric Hersey (Waters), (202) 225-4247

Aryele Bradford (Cummings), 202-226-5181