U.S. Rep. Blaine Luetkemeyer (MO-03) issued the following statement after the Trump Administration announced this morning the U.S. Department of Labor fiduciary rule will be delayed for 180 days.

“Today’s announcement is a victory for the countless individuals and families across Missouri that would have been priced out of professional financial advice under the DOL’s fiduciary rule,” Luetkemeyer said. “I heard from constituents across the 3^rd District who told me that if the fiduciary rule is implemented as currently drafted, their ability to get timely and important investment advice could make it more difficult to reach their retirement goals and provide for their later years in life. I applaud President Trump for making the decision to press pause on this this harmful rule. We should be encouraging more Americans to save for retirement, not restricting access to the tools that will help our fellow citizens achieve financial independence and security.”