Democrats Heck, Kilmer, Larsen side with GOP, Wall St. on deregulation bill
The Stand is reporting:
WASHINGTON, D.C. (Oct. 30, 2013) — The House of Representatives on Tuesday approved labor-opposed legislation pushed by Wall Street banks that would make it harder for the Department of Labor to approve regulations protecting workers’ interests in how their retirement savings are invested. And three Democratic Congressmen from Washington state were among just 30 Democrats who voted for the Republican-sponsored measure, which passed 254-166.
Reps. Denny Heck (D-10th), Derek Kilmer (D-6th) and Rick Larsen (D-2nd) all voted to approve HR 2374 the so-called Retail Investors Protection Act, which The New York Times called “part of a broader campaign in the House, among Republicans and business-friendly Democrats, to roll back elements of the 2010 Dodd-Frank Act, the most comprehensive regulatory overhaul since the Depression.”