Cotton, Kirk, Isakson, Blunt, Ayotte Introduce Bill to Stop Government Takeover of Retirement Planning

Press Release

U.S. Senators Tom Cotton (R-Ark.), Mark Kirk (R-Ill.), Johnny Isakson (R-Ga.), Roy Blunt (R-Mo.) and Kelly Ayotte (R-N.H.) yesterday introduced legislation to prevent the Department of Labor's (DoL) proposed "fiduciary rule" from limiting consumers' ability to choose their financial advisors. The Strengthening Access to Valuable Education and Retirement Support (SAVERS) Act, S. 2505, would preserve families' access to retirement advice and ensure advisors serve their clients' best interests.

"American families depend on their trusted local financial advisor for advice on planning and saving for the future," the Senators said. "There is bipartisan agreement that we can raise standards without Washington dictating who Americans can hire and what investments they can make."

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