Brad Campbell Comments on The Government Shutdown’s Effects on DOL With Pensions and Investments

Benefits and executive compensation partner Brad Campbell discussed how the ongoing federal government shutdown is affecting the Department of Labor (DOL) in an article for Pensions and Investments.

The article noted that the DOL was given 180 days to implement a White House directive aimed at broadening retirement savers’ access to private markets, but Campbell added the shutdown was likely to complicate that effort. The rest of the department’s regulatory and investigative agenda is also likely to be halted due to the shutdown, the article said.

“My clients who have ongoing investigations, well, we’re not dealing with those right now,” Campbell said. “There’s no one to talk to on the other side of that phone… EBSA investigations on average (last) several years now, anyway, so is not talking to the investigator for two weeks, three weeks, four weeks, eight weeks, really going to be different than usual? Probably not.”

The full article is available to Pensions and Investments subscribers.