[Congressional Record Volume 162, Number 52 (Wednesday, April 6, 2016)]
[Senate]
[Page S1680]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          RULE ON INVESTMENTS

  Mr. REID. Mr. President, I commend the administration for the rule 
issued with fiduciary duties on investments. These advisers on 
investments will do a better job for consumers because of this rule. 
This issue is so important that it is estimated that it will save 
consumers at least $17 billion a year--not over 10 years, but a year. 
So that is something that is very important. I hope people understand 
that.

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