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House votes to scrap rules on state retirement plans The House cleared resolutions aimed at reversing the regulations that were issued by the previous administration to push states to establish their own retirement savings plans for private employees with no access to a 401(k) plan, according to this article on The Wall Street Journal. ”Let’s be honest about what this regulation is really about. It’s part of an assault on small-business retirement plans that began under the Obama administration,” says Rep. Tim Walberg, R-Mich., one of the lawmakers who sponsored the resolutions.
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