News | 08.09.19
Labor Nominee Would Likely Sit Out Financial-Advice Rule Making
President Trump’s pick to be the next secretary of labor would likely have to sit out the department’s rewrite of an investment-advice rule if he is confirmed, according to people familiar with the matter. Eugene Scalia, a Washington lawyer who has helped companies challenge financial rules, previously handled a legal challenge to the Labor Department's fiduciary rule. Government ethics rules generally prevent officials from participating in issues they were involved in while in the private sector to guard against potential conflicts of interest. Scalia’s likely recusal suggests that his ties to the financial-services industry could complicate his tenure on high-profile initiatives should he win Senate confirmation to lead the Labor Department in the coming months.
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