Hilda Solis

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  Obama Nominates Perez for Labor Secretary

  By Melanie Waddell, AdvisorOne  |  March 18, 2013

  President Barack Obama on Monday nominated Tom Perez, head of the Justice Department’s Civil Rights Division, as the next Labor secretary.

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  Advisors May Still Lose Right to Earn Commissions on IRA Advice

  By Dale Brown, Financial Services Institute  |  January 15, 2013

  The Department of Labor will likely issue a reworked version of its fiduciary proposal in late Q1 or early Q2, and concerns about its potential impact remain very real.

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  The Morning After…

  By David Tittsworth, IAA  |  November 7, 2012

  Now that the election is over, how can we move the ball forward—for your businesses and your clients—during the coming months and weeks?

• Borzi on the Hot Seat, Again

  By Melanie Waddell, AdvisorOne  |  July 24, 2012

  Phyllis Borzi is once again feeling heat—this time from House Democrats—over her insistence on including individual retirement accounts (IRAs) in the Department of Labor’s reproposed fiduciary rule.

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  Fierce Opposition to Labor Department’s Fiduciary Proposal

  By Dale Brown, Financial Services Institute  |  April 10, 2012

  As comments from the House committee hearing over the redefinition make clear, opposition to the DOL’s redefinition of ‘fiduciary’ is bipartisan and fierce.

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  Lawmakers Grill DOL’s Solis on Fiduciary Duty Redraft

  By Melanie Waddell, AdvisorOne  |  March 21, 2012

  At a House hearing, lawmakers took Labor Secretary Hilda Solis to task Wednesday over how the DOL’s recrafting of its fiduciary rule is progressing—specifically on the timing of the re-proposed rule and the rule’s inclusion of IRAs.

• DOL Releases Long-Awaited 401(k) Fee Disclosure Rule

  By Melanie Waddell, AdvisorOne  |  March 1, 2012

  The Department of Labor’s Employee Benefits Security Administration (EBSA) released in early February its long-awaited final rule on 401(k) fee disclosures, rule 408(b)(2), and in doing so extended the compliance date to July 1.

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  DOL Releases Long-Awaited 401(k) Fee Disclosure Rule

  By Melanie Waddell, AdvisorOne  |  February 2, 2012

  Labor’s Employee Benefits Security Administration said Thursday it would extend the compliance deadline of rule 408(b)(2) to July 1.

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  House GOP Presses DOL’s Solis on Fiduciary Re-Proposal Rule

  By Melanie Waddell, AdvisorOne  |  December 5, 2011

  Fifty-five House Republicans, led by Rep. Judy Biggert, R-Ill., sent a letter to Department of Labor on Monday detailing what criteria should be met when the DOL re-proposes its rule amending the definition of fiduciary under ERISA early next year.

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  Rep. Barney Frank to Retire, Will Not Run in 2012

  By Melanie Waddell, AdvisorOne  |  November 28, 2011

  Rep. Barney Frank, D-Mass., ranking member on the House Financial Services Committee who co-authored the landmark Dodd-Frank financial reform legislation, announced Monday that he will not seek re-election in 2012 and plans to retire from Congress at the end of next year.