• Proposed Retirement Security Rule: Definition of an Investment Advice Fiduciary
  • Hearing Notice(link is external)
  • Hearing Agenda
  • Official Hearing Transcripts: [Day 1] [Day 2]. The Department previously posted unofficial transcripts on this page on Dec. 22, 2023. It determined that the most efficient way of providing notice of the posting was through a press release and email blasts, rather than through a Federal Register notice as was stated at the hearing. Additionally, the video recordings below were made available on this page on Dec. 19, 2023.
  • Hearing Video: The Department is making available video recordings and informal computer-generated transcription of each day of the public hearing, in advance of posting the hearing transcript prepared by the court reporter. Only the court reporter’s signed hearing transcript will contain the official record of the hearing.
    Day 1
    Day 2
  • Public Comments

These comments will be made available in alternative format to persons with disabilities upon request.

Written Testimony

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  1. Kathleen M. McBride
    December 12, 2023
  1. Chantel Sheaks on behalf of U.S. Chamber of Commerce
    December 12, 2023
  1. Ron A. Rhoades
    December 12, 2023

Written Requests to Testify at Public Hearing

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  1. American Retirement Association
    Brian Graff
    November 17, 2023
  2. The Committee of Annuity Insurers
    Michael Hadley
    November 20, 2023
  3. Ron A. Rhoades
    November 22, 2023
  4. Dana M. Muir
    November 22, 2023
  5. Davis & Harman, LLP
    Kent Mason
    November 24, 2023
  6. Cetera Financial Group
    Mark Quinn
    November 25, 2023
  7. Investment Company Institute
    Elena Barone Chism
    November 27, 2023
  8. National Association of Insurance and Financial Advisors 
    Bryon Holz, Charles Ross, Sr.
    November 27, 2023
  9. Kathleen M. McBride
    November 27, 2023
  10. Securities Industry and Financial Markets Association (SIFMA)
    Lisa Bleier
    November 27, 2023
  11. U.S. Chamber of Commerce
    Chantel Sheaks
    November 27, 2023
  12. Pension Rights Center
    Norman P. Stein, Janice C. Winston
    November 27, 2023
  13. AARP
    David Certner
    November 28, 2023
  14. Public Investors Advocate Bar Association
    Joseph C. Peiffer
    November 28, 2023
  15. Consumer Federation of America
    Micah Hauptman
    November 28, 2023
  16. Financial Services Institute (FSI)
    Mark Smith
    November 28, 2023
  1. Better Markets Inc.
    Stephen Hall
    November 28, 2023
  2. Collective Wealth Partners 
    Kamila Elliot
    November 28, 2023
  3. Alternative and Direct Investment Securities Association (ADISA)
    John H. Grady
    November 28, 2023
  4. Certified Financial Planner Board of Standards, Inc.
    Daniel Moisand
    November 28, 2023
  5. American Bankers Association
    Timothy E. Keehan
    November 28, 2023
  6. Betterment
    Joshua Rubin
    November 28, 2023
  7. National Pension Partners
    Nicholas Paleveda
    November 28, 2023
  8. American Council of Life Insurers (ACLI)
    Susan K. Neely
    November 29, 2023
  9. Institute for Portfolio Alternatives (IPA)
    Kevin L. Walsh
    November 29, 2023
  10. SPARK Institute, Inc.
    Adam McMahon
    November 29, 2023
  11. American Benefits Council
    Lynn Dudley
    November 28, 2023
  12. Public Citizen
    Bartlett Naylor
    November 29, 2023
  13. AFL-CIO
    Candace Archer
    November 29, 2023
  14. American Investment Council (AIC)
    Michael Kreps, George Sepsakos
    November 29, 2023
  1. Federation of Americans for Consumer Choice
    Kim O’Brien, Don Colleluori
    November 29, 2023
  2. Family Investment Center 
    Dan Danford
    November 29, 2023
    Attachment
  3. National Association for Fixed Annuities (NAFA)
    Chuck DiVencenzo, Thomas Roberts, Pam Heinrich
    November 29, 2023
  4. Insurance Coalition
    Kendra Kosko Isaacson
    November 29, 2023
  5. Groom Law Group
    Jennifer Eller
    November 29, 2023
  6. National Association of Personal Financial Advisors
    Daphne Jordan
    November 29, 2023
  7. Financial Planning Association (FPA)
    Patrick Mahoney
    November 29, 2023
  8. Insured Retirement Institute (IRI)
    Wayne Chopus, Jason Berkowitz
    November 29, 2023
  9. Institute for the Fiduciary Standard
    Knut Rostad
    November 24, 2023
  10. Benjamin P. Edwards
    November 29, 2023
  11. Donald K. Jones
    November 29, 2023
  12. Finseca
    Marc Cadin
    November 29, 2023
  13. Janice Winston
    November 29, 2023
  14. Pension Rights Center
    Norman P. Stein
    November 29, 2023
  15. Americans for Financial Reform
    Ivan Cazarin
    November 29, 2023