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December 9, 2015

Lobbyists Eye Spending Bill As A Way To Thwart Retirement Regs, Advocates Warn

“As lawmakers work to negotiate a government spending bill, the financial industry is lobbying against a rule being crafted by the Labor Department aimed at protecting workers with retirement accounts.

“Workers with retirement accounts may have a stake in this next story. It’s a debate over financial regulations, including one that is aimed at protecting retirement accounts. Lawmakers are debating the change very quietly. They are not considering it as a stand-alone piece of legislation in Congress. They are discussing whether to include the change as a rider. That’s legislation that gets attached to some bigger bill that simply must pass, in this case, a bill that would avoid a government shutdown. NPR’s Chris Arnold reports.”

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Listen to the full NPR interview with Chris Arnold and Dennis Kelleher here.

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