new york forty house democrats lead party top member house representatives financial service committee maxine water voice opposition friday u.s. labor department proposal delay start controversial retirement regulation letter send final day proposal roughly two-week-long comment period group say 60-day delay dol fiduciary rule would deprive workers families unbiased financial advice set take effect april 10 fiduciary rule require retirement advisers put interest clients ahead wall street large brokerages already level commission charge certain investment tool effort eliminate unintended incentive advisers select one fund another brokerages begin phase commissions-paying retirement account altogether despite preparation begin earnest last year president donald trump ask labor department february re-examine cost implement rule labor department propose delay give time conduct economic legal analysis unacceptable now—roughly month implementation final rule schedule begin—the dol carelessly propose delay democrats write letter note regulation product six years research negotiation workers retirement savers deserve good wait long enough group write group 40 u.s. house democrats oppose delay labor dept retirement rule