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EBSA nominee pledges to loosen enforcement and clarify fiduciary rules, senators press on ESOPs and retirement access
Summary
Daniel Aronowitz, President Trump's nominee to head the Employee Benefits Security Administration, told the Senate HELP Committee he will seek regulatory clarity, faster investigations and ‘‘even‑handed" enforcement; he pledged to support ESOPs and expand retirement access for gig and small‑business workers if confirmed.
Daniel Aronowitz, President Trump's nominee for Assistant Secretary of Labor to lead the Employee Benefits Security Administration (EBSA), told the Senate HELP Committee he would prioritize clearer fiduciary guidance, limit protracted investigations and restore discretion to plan fiduciaries.
"I believe that fiduciaries should decide what's in retirement plans, not government bureaucrats, not plaintiff lawyers," Aronowitz said. He described EBSA as in need of a "major turnaround" and said he would end "the practice of open‑ended investigations that go on for years."
Aronowitz…
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