Warren Wants to Know Puzder’s Plan for DOL Rule
Sen. Elizabeth Warren, D-Mass., wants to know how president Donald Trump’s nominee to head the Department of Labor plans to handle the agency’s fiduciary rule, among other mandates.
Andrew Puzder is scheduled to go in front of the Senate for his confirmation hearings this Thursday. Among the dozens of questions in her 28-page letter, Warren asks Puzder how he plans to go through with the analysis of the rule.
Earlier this month, Trump issued a memorandum requesting the agency to review the rule, which requires retirement brokers to put clients interest first and was scheduled to go into effect in April. Last week, the DOL appeared to have bowed to Trump’s request, seeking approval from the Office of Management and Budget to delay the rule’s rollout and begin another public comment period.
In her letter, Warren also asks Puzder whether Trump had consulted with him prior to issuing the memorandum on the fiduciary rule, and whether he would take any additional actions to delay or change the rule prior to the completion of the analysis.
In addition, Warren wants to know whether Puzder would enforce the rule if the analysis comes back in favor of implementing it this April.
Warren also takes Puzder to task for his stewardship of CKE Restaurants, the parent company of Hardee’s and Carl’s Jr., in regard to alleged abuses of labor and discrimination laws, writing, “you’ve made your fortune by squeezing the very workers you’d be charged with protecting.”
The letter also includes detailed questions on Puzder’s potential conflicts of interest as well as his plans on investigating wage and hour violations at Wells Fargo, among other matters handled by the DOL.