thursday republicans congress vote overturn rule propose obama administration require investment advisers act best interest person advising.the rule first propose last year detail report senator elizabeth warren reveal financial advisers receive treasure trove incentives kickbacks non-cash award give bad financial advice seniors people brink retirement.as addict info report warren report show financial advisers reward all-expenses-paid luxury vacation place like south africa bahamas aruba well golf out theater ticket gift card cash prize steer retire toward risky company-owned investment options.while financial advisors personally profit doling bad advice retire lose 17 billion year loophole leave unprotected traditional conflict interest laws.the obama administration work fix loophole include people seek advice pension retirement account people toward advisers fiduciary obligation conflict interest law.in meantime industry fight hard keep rule take effect.during hear propose rule last year senator elizabeth warren go head-to-head president primerica peter schneider bring testify rule.watch senator warren hammer away schneider video courtesy sweet videos youtube clear senator warren report testimony video rule need protect consumers republicans prove yet desire serve interest public.congress introduce pass h.j.res.88 read follow joint resolution disapprove nullify department labor rule publish april 2016 relate definition term fiduciary conflict interest rule respect retirement investment advice rule define fiduciary respect pension retirement plan current law person provide investment advice fiduciary obligation require person provide advice sole interest plan participants beneficiaries rule change definition investment advice treat people provide investment advice pension retirement plan fee compensation fiduciaries wide array advice relationships much republicans would like almost chance president obama would sign bill attack propose fiduciary rule.still republican-sponsored resolution confirm already know priorities.while democrats like president obama elizabeth warren fight protect public wall street predators republicans work hard pass legislation prevent that.there one solution vote 2016.photo credit kazuhiro nogi/afp/getty image house republicans go retirement save want give wall street video