Posts tagged regulatory reform
Op-ed: New Options for Your 401(k)
April 1, 2026 // The law doesn’t allow ulterior motives to infect plan investments. The duty to invest for the sole financial benefit of plan participants doesn’t allow fiduciaries to pursue political agendas or engage in self-dealing. The Labor Department will be ready to enforce the law if plan fiduciaries act with a disloyal motive or threaten the retirement security of American workers. The department isn’t promoting any particular investment option. We aren’t picking winners and losers. We are leveling the playing field so that plan fiduciaries can exercise their judgment—selecting plan investments without fear of undue liability. We are applying the principle-based rules that the law requires.
OPINION: Teamsters boss’ RNC speech reveals his precarious hold on members’ loyalty
July 11, 2024 // A March poll from Quinnipiac showed Biden with a mere 9-point lead among Michigan union households, a far cry from his 25-point lead there in 2020. The Teamsters union has had a front-row seat to this transformation. While the party affiliation and preferences of its members aren’t publicly available, the union represents a wide variety of working-class voters — the type of workers who have suffered greatly under Bidenomics, hit hard by soaring inflation and slow wage growth. On the other hand, these workers fondly remember the Trump boom years, which were the direct result of policies that the Teamsters’ leadership opposed, including the 2017 tax cuts and regulatory reforms that gave workers and job creators more freedom.
ABC to Biden Administration: Withdraw the DOL’s Davis-Bacon Proposed Rule
May 18, 2022 // “The DOL’s proposed rule does little to improve or modernize Davis-Bacon Act regulations in the face of decades of complaints by government officials, taxpayer watchdogs and industry stakeholders critical of this regulatory boondoggle well-known for increasing the cost of construction, discouraging competition from small businesses and diminishing the value of taxpayer investment in government infrastructure projects,” said Ben Brubeck