WASHINGTON, D.C. – Congressman Joe Wilson (SC-02) issued the following statement after introducing the Protecting American Families’ Retirement Advice Act today:

“The Department of Labor’s fiduciary rule is one of the most costly, burdensome regulations to come from the Obama Administration. Rather than making retirement advice and financial stability more accessible for American families, they have disrupted the client-fiduciary relationship, increased costs, and limited access.

“This legislation will delay the implementation of this job-destroying rule, giving Congress and President-elect Donald Trump adequate time to re-evaluate this harmful regulation.”