Perez: DOL Continues Fiduciary Redraft Outreach

Think Advisor

The Department of Labor continues to “reach out to stakeholders” regarding the redraft of its rule to amend the definition of fiduciary under the Employee Retirement Income Security Act so that DOL can “understand with granularity” what the “nature of the problem is and what the nature of various stakeholders’ concerns are” regarding the rulemaking, Labor Secretary Thomas Perez told reporters after his speech at the National Press Club in Washington on Monday.

Sen. Alexander wants to suspend rule that could threaten in-home care

By Lurah Lowery, tricities.com

U.S. Sen. Lamar Alexander, R-Tenn., renewed his call today on the Department of Labor to suspend its rule that significantly changes the overtime exemption for companionship care, which would increase costs for Tennessee seniors and individuals with disabilities who rely on non-medical caregivers for help with daily activities.

Hatch, Alexander Highlight GAO Report Confirming Need for Additional Oversight of Department of Labor Grants

United States Senate Committee on Finance

U.S. Senator Orrin Hatch (R-Utah), Ranking Member of the Senate Finance Committee, and Lamar Alexander (R-Tenn.), Ranking Member of the Senate Health, Education, Labor and Pensions (HELP) Committee, today highlighted a new Government Accountability Office (GAO) report entitled, “DOL’s Use of Financial and Performance Monitoring Tools Needs to Be Strengthened,” that found the Department of Labor’s Bureau of International Labor Affairs (ILAB) should improve its financial and performance oversight of its international labor grants.