Daniel Aronowitz, President Donald Trump's pick to head the Labor Department's Employee Benefits Security Administration, could be confirmed by the Senate as early as next week.
Senate Majority Leader John Thune, R-S.D., released Monday a resolution to speed up certain nominations — including Aronowitz to head EBSA, which writes retirement policy.
"Republicans are ready to change the chamber’s rules to allow quick confirmations of dozens of President Donald Trump’s executive branch nominees and will move to speed up votes after months of Democratic delays," Thune said, according to The Associated Press.
The resolution would group 48 of Trump’s nominees together to allow them to be considered and voted on as a group, The New York Times reported.
"As I understand it, as long as a sufficient number of Republican senators are on board with moving away from the Senate's traditional practices for nominations, he should be confirmed in relatively short order," Ali Khawar, an EBSA official under President Joe Biden, told ThinkAdvisor Tuesday in a message, adding that procedural hurdles could be cleared for a vote by next week.
Aronowitz, founder and managing principal of Euclid Specialty, a company that sells fiduciary insurance to the managers of nonprofit employer benefit plans and multiemployer benefit plans, testified in early June before the Senate Health, Education, Labor and Pensions Committee that among his goals as EBSA chief would be to "strive to provide regulatory clarity to the fiduciary rule as applied to IRA rollovers."
Labor plans to issue a fiduciary rule in May 2026, according to its just-released regulatory flexibility agenda.
Retirement planning officials predict Aronowitz may help write a new rule to address fiduciary advice regarding rollovers.
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