Republicans in Congress are doing yeoman’s work rolling back the Obama regulatory agenda rule by rule. One act of prudence worth highlighting is a resolution revoking the Labor Department’s fiduciary exemption for government-managed retirement plans. Last year Labor finalized two rules granting an Employee Retirement Income Security Act (Erisa) “safe harbor” to retirement plans for private workers that are administered by state and local governments. California, Connecticut, Illinois, Maryland, New Jersey, Oregon and...

Source: Wall Street Journal February 28, 2017 00:18 UTC