Key Democrat Worries DOL Alts Rule Would Cause Public Markets to 'Wither'

Published on June 30, 2026

In a letter to Acting Labor Secretary Keith Sonderling, U.S. Rep. Maxine Waters urged the department to drop the rule offering a “safe harbor” for alternative assets in retirement savings. She worried it would expose retirees to risky assets that “sophisticated investors are working to shed.”

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