President Obama vetoed a Congressional resolution of disapproval (H.J. Res. 88) that would prevent the Department of Labor's implementation of the final rule relating to the "Definition of the Term 'Fiduciary'; Conflict of Interest Rule – Retirement Investment Advice."
In a message accompanying the veto, the President said that it was "essential that [the rule's] critical protections go into effect." On Twitter, Labor Secretary Thomas Perez said that the veto affirmed that "'putting customers' best interest first' is more than a Wall Street marketing gimmick, it's the law."
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