The DOL could propose a delay that would be subject to public comment, or the administration could issue an interim rule seeking delay based on "good cause."
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Two possible routes Trump could take to delay DOL fiduciary rule
Most anticipate two courses of action as most likely: the Department of Labor will propose to delay the rule, which would need to go through a public notice and comment period; or the Trump administration may issue an order delaying the fiduciary rule, and potentially other regulation, under an “interim rule,” which wouldn't require public comment. “I have heard there's a follow-up order coming,” Brian Gardner, managing director and Washington policy analyst at Keefe, Bruyette & Woods Inc., said of an interim rule that would follow the president's initial regulatory freeze. “It's not clear to me whether a follow-up order would include the DOL rule or not.”
