I 115th CONGRESS 1st Session H. R. 355 IN THE HOUSE OF REPRESENTATIVES January 6, 2017 Mr. Wilson of South Carolina introduced the following bill; which was referred to the Committee on Education and the Workforce , and in addition to the Committee on Ways and Means , for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To provide for a 2-year delay in the effective date of a rule of the Department of Labor relating to the Definition of the Term Fiduciary ; Conflict of Interest Rule-Retirement Investment Advice .

1. Short title This Act may be cited as the Protecting American Families’ Retirement Advice Act . 2. Effective date of rule Notwithstanding the effective date set forth in the rule submitted by the Department of Labor relating the Definition of the Term Fiduciary ; Conflict of Interest Rule-Retirement Investment Advice (published at 81 Fed. Reg. 20946 (April 8, 2016)), such rule shall not take effect until the date that is 2 years after the date of enactment of this Act.