01.13.22
EBSA Nominee Gomez Again Advances to Senate Floor
by: Mark Schoeff, Jr.
The U.S. Senate Committee on Health, Education, Labor and Pension on Thursday once again advanced to the full Senate floor the nomination of Lisa Gomez to head the U.S. Department of Labor (DOL) Employee Benefits Security Administration. The committee previously approved Gomez in December, but the Senate didn't hold a confirmation vote before the first session of Congress concluded at the end of the year, returning her nomination to the White House. As Gomez awaits a Senate vote, the DOL is working on a number of regulations that affect financial advisors, including rules governing investment advice for retirement plans and the use of environmental, social and governance factors in selecting retirement investments.
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