The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.
“PERSONAL EXPLANATION” mentioning the U.S. Dept of Labor was published in the Extensions of Remarks section on pages E1556 on Oct. 28, 2015.
The publication is reproduced in full below:
PERSONAL EXPLANATION
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HON. KENNY MARCHANT-
of texas
in the house of representatives
Wednesday, October 28, 2015
Mr. MARCHANT. Mr. Speaker, yesterday the House of Representatives voted on the Retail Investor Protection Act, which passed by a wide margin of 245-186. Allow me to make a clarification on my vote. I fully support this legislation and meant to vote `yea' on final passage, not
`no'. Unfortunately, by the time I noticed the error, the vote had closed and I was unable to correct it. Voting `no' was not my intention.
I am pleased the Retail Investor Protection Act passed the House with broad support. Like many of my constituents, and others across the country, I have serious concerns about the negative impacts that the Department of Labor's proposed `fiduciary rule' will have on the retirement savings options available to employees. I believe that the Retail Investor Protection Act properly addresses these concerns and contributes to the financial security of millions of Americans.
On October 26, 2015, I joined my House colleagues on a letter to the Secretary of Labor that urged the Department to withdraw the proposed rule and commit to a process that avoids the arbitrariness, uncertainty, and inadequate analysis embodied in the proposed rule. I remain fully committed to these views and support the entirety of the Retail Investor Protection Act.
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