NASE Statement on Fiduciary Rule Decision

Tuesday, May 23, 2017
FOR IMMEDIATE RELEASE:
CONTACT:  Kristofer Eisenla, LUNA+EISENLA media
kristofer@lunaeisenlamedia.com | 202-670-5747 (mobile)

Rule Negatively Impacts Small Businesses, Wastes Time and Money


WASHINGTON, D.C. – With news that Labor Secretary Alexander Acosta will allow the fiduciary rule to take effect June 9, 2017, Katie Vlietstra, Vice President of Public Affairs and Government Relations for the National Association for the Self-Employed (NASE), the nation's leading resource for the self-employed and micro-businesses, today released the following statement:

“The implementation of the fiduciary rule by the Trump Administration is disastrous for American small businesses.  This rule is yet another example of an overly burdensome regulation and exactly the type of regulation President Trump promised to eliminate in order for small businesses to flourish. A one size fits all regulation, just further drives costs up for America's smallest businesses.

“We are deeply disappointed by this decision. It is our hope that the Trump Administration doesn’t continue to put forth regulation’s that are harmful to small businesses."

Vlietstra responded to a New York Times editorial in February on this topic. 

**To interview Vlietstra, please contact Kristofer Eisenla at kristofer@lunaeisenlamedia.com or (202) 670-5747 **

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The National Association for the Self-Employed (NASE) is the nation's leading resource for the self-employed and micro-businesses, bringing a broad range of benefits to help entrepreneurs succeed and to drive the continued growth of this vital segment of the American economy. The NASE Small Business Locator helps identify and connect our nation’s smallest businesses. In addition, NASE’s new health care portal helps small business owners navigate the nation’s health care marketplace. The NASE is a 501(c) (6) nonprofit organization and provides big-business advantages to hundreds of thousands of micro-businesses across the United States. For more information, visit the association's website at NASE.org

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