September 24, 2019

Fred Reish Comments on Labor Secretary Nominee’s Senate Committee Hearing

Industry publication ThinkAdvisor covered Eugene Scalia’s Senate Committee nomination hearing for the position of Labor Secretary. The publication detailed the hearing, noting that Scalia addressed his role in helping to overturn the now-defunct fiduciary rule while in private practice, a subject that has led to calls for recusal.

Scalia told Sen. Patty Murray (D-Wash.) that he was retained by clients while in private practice to address the now-defunct fiduciary rule, which he said “was a controversial rule.”

Los Angeles partner Fred Reish told ThinkAdvisor that he believes Scalia “punted instead of answering” Murray’s question. Scalia “knew that, if he said that he would be involved in developing a new fiduciary regulation, the challenges and questions [during the hearing] would have been intense.” Instead, “he said that he would consult with the Department’s Ethics Office and follow their guidance.”

The bottom line: “We still don’t know if he will be involved or not,” Reish said.

Full Article

Related Industries

Related Topics

The Faegre Baker Daniels website uses cookies to make your browsing experience as useful as possible. In order to have the full site experience, keep cookies enabled on your web browser. By browsing our site with cookies enabled, you are agreeing to their use. Review Faegre Baker Daniels' cookies information for more details.