Cantor Applauds Passage Of Retail Investor Protection Act

Posted by Nick Marcelli on

House Majority Leader Eric Cantor today released the following statement applauding bipartisan passage of the Retail Investor Protection Act: 

“Under the Dodd-Frank Act, federal over-reach continues to pose undue burdens on hardworking men and women on Main Street and beyond. For example, many families today benefit from the opportunity to receive personalized financial planning advice to help them prepare for retirement or send their children to college. New regulations expected out of the Department of Labor however would increase the costs of these financial advisory services with little added benefit to those who receive the advice. The bipartisan Retail Investor Protection Act, seeks to prevent costly government over-regulation and protect hardworking middle class families who are simply doing their best to plan for the future. I applaud Chairman Jeb Hensarling and the Committee on Financial Services’ commitment to mitigating the negative impacts of Dodd-Frank, and I thank Congresswoman Ann Wagner for her work in bringing this bipartisan legislation to the floor.”





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