The Booty Report

News and Updates for Swashbucklers Everywhere

Arrr, Manchin and GOP scallywags be tryin' to scuttle retirement rule. Shiver me timbers!

2024-05-16

Arrr, Sen. Joe Manchin and his band of scallywags be aimin' to buck the new retirement rule laid down by the Labor Department! They be joinin' forces to put a stop to this here fiduciary nonsense. Let's see if they have the wind in their sails to make it happen!

Avast ye scurvy dogs! Sen. Joe Manchin of the land of W.Va. be joinin' forces with a band of Republican sea dogs to walk the plank and overturn a retirement investment planning rule set forth by the Labor Department just last month. The Labor Department, in all their bureaucratic glory, unfurled a new rule that would be changin' the definition of an investment advice fiduciary under the Employee Retirement Income Security Act.
Manchin and 15 Republican swashbucklers be standin' together, swords drawn, co-sponsoring a Congressional Review Act resolution that would send this rule to Davy Jones' locker. The scallywags be unitin' in their quest to scuttle this rule before it takes effect, aye!
So gather 'round, me hearties, and listen to the tale of how Sen. Manchin and his motley crew be takin' on the Labor Department and their rule with a hearty "Arrr!" and a bottle of rum. Will they prevail in their quest to sink this rule, or will they be forced to walk the plank themselves? Only time will tell in this high-seas adventure of retirement planning and political intrigue!

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