[Congressional Record (Bound Edition), Volume 162 (2016), Part 3]
[Senate]
[Page 3702]
[From the U.S. 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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