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Will the US Labor Department issue a revised fiduciary rule by the end of Q1 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
US Labor Department announcements, official government publications
Story
Texas Judge Blocks Latest Version of Labor Department's Fiduciary Rule
Jul 26, 2024, 04:52 PM
A Texas federal judge has granted a request by an insurance industry trade association to temporarily block the latest version of a US Labor Department rule that classifies more retirement advice providers as fiduciaries. The judge found that the rule was arbitrary and conflicted with a law that governs retirement plans. The decision has been welcomed by critics of the rule, including Rep. Ann Wagner, who described the rule as rushed, irresponsible, and harmful for retail investors.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Appeal and win • 25%
Appeal and lose • 25%
Propose new rule • 25%
No action taken • 25%
