Acosta reportedly seeks long-term freeze of fiduciary rule

Labor Secretary R. Alexander Acosta has told Sen. Tim Scott, R-S.C., he intends to put the department's fiduciary rule on hold in a way that will stick, says an aide from Scott's office. Although Acosta has not spoken publicly on the rule, which is to take effect in June, the aide says the secretary has told the senator that it is his top priority and that he is aware of the need for urgent action.

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