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CBO Issues Cost Estimate for PASS Act
December 11, 2017
WASHINGTON, Dec. 11 -- The Congressional Budget Office issued the following cost estimate:

H.R. 3857

PASS Act of 2017

As ordered reported by the House Committee on Financial Services on October 12, 2017

H.R. 3857 would repeal regulations issued by the Department of Labor that are commonly referred to as the fiduciary rule and would direct the Securities and Exchange Commission (SEC) to develop a new standard to govern the conduct of brokers and . . .

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