WASHINGTON — House Speaker Paul Ryan (R-WI) issued the following statement upon passage of H.J. Res 88, the Protecting Access to Affordable Retirement Advice, which uses Congress’s powers under the Congressional Review Act to prevent the Labor Department’s fiduciary rule from going into effect:

“Bureaucrats in Washington, D.C. have no business getting between you and your financial planner. But that’s what the Obama administration’s fiduciary rule does. It’s Obamacare for financial planning. That’s why the House exercised its power under the Congressional Review Act to reject the administration's onerous rule. I commend Reps. Roe, Boustany, and Wagner for working to protect middle-class families and small businesses trying to plan for the future.”


1.          Statement on Release of Fiduciary Rule

2.          Ignoring Consequences, Obama Administration to Finalize Fiduciary Rule

3.          Obamacare for financial planning

4.          A Dictionary Definition

5.          The bureaucrats bullied it through

6.          This One Rule Could Hurt Millions of Middle-Class Savers