Sen. Warren receives award for significant work on financial security issues impacting Americans age 50+
Today AARP announced that U.S. Sen. Elizabeth Warren (D-MA) is the recipient of the 2016 “Champion of the 50+” legislative leadership award for her significant achievements during the 114 th Congress.
Sen.Warren received the award for fighting to ensure that retirement plan advice given by financial advisers must be in the best interest of consumers, by supporting a new U.S. Department of Labor rule that saves American families billions of dollars per year, and by voting against subsequent legislation to stop the rule from taking effect.
The rule, which will prevent what is referred to as the " conflict of interest loophole," will save American families billions of dollars per year.
“Senator Warren deserves this award because she worked tirelessly to improve financial security for millions of American families,” said Mike Festa, AARP Massachusetts State Director. “By ensuring a rule would remain in place that could save American families billions of dollars per year, Senator Warren has demonstrated leadership qualities to help Americans achieve greater financial security.”
Click here to learn more about the new U.S. Department of Labor rule.