03.22.24

House Panel Pushes Repeal of DOL Independent Contractor Rule

by: Leo Almazora

The U.S. House Committee on Education and Workforce has advanced a resolution to repeal a rule that sets stricter criteria for businesses classifying workers as independent contractors rather than employees. The legislation challenges a U.S. Department of Labor rule implemented March 11 that has been met with opposition from various industries that rely on freelance and contract labor, including independent financial advisors.

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