H.R. 3857 · 115th Congress
PASS Act of 2017
- Stage
- Reported from committee
- Sponsor
- Ann Wagner
- Introduced
- 2017-09-27
- Latest action
- 2018-12-28 · Committee on Education and the Workforce discharged.
Summary
Protecting Advice for Small Savers Act of 2017 or the PASS Act of 2017
This bill nullifies the Department of Labor's "fiduciary duty" rule (which requires a retirement advisor to act in the best interest of the investor) and otherwise revises standards of conduct for brokers and dealers.