The latest effort to derail the long-overdue DoL rulemaking that will implement a best-interest standard is now being circulated in Congress in the form of legislation that embodies a “declaration of principles.” Contrary to its stated intentions, this legislation to preempt the DoL is not a response to any actual deficiency in the rulemaking process; rather, it is an attempt to substitute a financial industry proposal at the literal expense of retirement savers. CFA thus urges members of Congress to reject any legislation that will have the effect, if not the stated intent, of killing or creating new roadblocks to the completion of the DOL best interest standard rule.