Elizabeth Warren Says Republicans Backing Bill to Garner Campaign Donations
What — GOP pandering in an election year!?!? /// (the majority of their time is spent pandering, why would an election year be different?)
Massachusetts Sen. Elizabeth Warren doesn’t know why Republican senators would be opposed to a rule that’s meant to protect American’s retirement savings — unless they’re doing so to help fund their fall campaigns, she said.
On the Senate floor Monday, Warren spoke out against a Republican-sponsored bill that seeks to overturn a rule created by the Department of Labor last month, arguing that Republican senators are publicly objecting to the rule in hopes of gaining campaign donations from financial advisors and brokers. The rule, which intends to close a loophole in retirement advising that allows brokers and advisors to recommend products that further their own profits ahead of investors’ best interests, will be confronted by the opposing bill in a Senate vote Tuesday.
“Why would anyone on Earth vote to overturn a rule designed to protect Americans from financial fraud?” Warren asked. “Why? Because it’s an election year.”
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