[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 355 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 355

 To provide for a 2-year delay in the effective date of a rule of the 
     Department of Labor relating to the ``Definition of the Term 
 `Fiduciary'; Conflict of Interest Rule-Retirement Investment Advice''.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 6, 2017

 Mr. Wilson of South Carolina introduced the following bill; which was 
   referred to the Committee on Education and the Workforce, and in 
    addition to the Committee on Ways and Means, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
  of such provisions as fall within the jurisdiction of the committee 
                               concerned

_______________________________________________________________________

                                 A BILL


 
 To provide for a 2-year delay in the effective date of a rule of the 
     Department of Labor relating to the ``Definition of the Term 
 `Fiduciary'; Conflict of Interest Rule-Retirement Investment Advice''.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Protecting American Families' 
Retirement Advice Act''.

SEC. 2. EFFECTIVE DATE OF RULE.

    Notwithstanding the effective date set forth in the rule submitted 
by the Department of Labor relating the ``Definition of the Term 
`Fiduciary'; Conflict of Interest Rule-Retirement Investment Advice'' 
(published at 81 Fed. Reg. 20946 (April 8, 2016)), such rule shall not 
take effect until the date that is 2 years after the date of enactment 
of this Act.
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