Two top GOP lawmakers are renewing their call that the Department of Labor hand over all the correspondence the department has had with the SEC regarding DOL’s ERISA fiduciary redraft.
Rep. John Kline, R-Minn., chairman of the House Education and the Workforce Committee, and Rep. Phil Roe, R-Tenn., chairman of the Health, Employment, Labor and Pensions Subcommittee, told Labor Secretary Thomas Perez in a Tuesday letter that they were not satisfied with the answers Perez gave to them after their previous requests for such information.
The lawmakers sent similar letters to Perez on March 4 and March 24. “On both occasions, the department failed to provide the requested information,” Kline and Roe told Perez.
“Unfortunately, despite two previous inquiries, the committee has not yet received compelling information from DOL that meaningful coordination has taken place between DOL and the SEC,” the two wrote in their Tuesday letter.
Kline and Roe told Perez to provide to them no later than June 16 all of the “documents and communications after September 19, 2011, between DOL and SEC relating to DOL’s fiduciary rulemaking, including but not limited to all documents and materials addressing how DOL has considered, adopted or discarded any concerns raised by the SEC as DOL devised its fiduciary rulemaking.”