The fate of the DoL rule now appears to rest with a Floridian law school dean and former federal prosecutor.
Yesterday U.S. President Donald Trump nominated Alex Acosta
(full name: Rene Alexander Acosta) as U.S. Secretary of Labor, less than a day after Trump's first choice, Andy Puzder, withdrew
from consideration. Meanwhile, fiduciary reg limbo
continues as the clock keeps ticking, and the DoL is already trying
to delay the controversial reg.
Acosta, a 48-year-old Miamian from Cuba and a Harvard alumnus twice over, has served as dean of Florida International University's College of Law since 2009 and is the chairman of U.S. Century Bank. Prior to that he spent four years as U.S. Attorney for the Southern District of Florida. Under President George W. Bush, Acosta served as U.S. Assistant Attorney General for Civil Rights and as a member of the National Labor Relations Board. And as a lawyer he clerked for then-appellate judge Samuel Alito, who is now a U.S. Supreme Court Justice. So far lots of folks seem to think Acosta is a solid choice
that could get bipartisan support.
Trump briefly confirmed Acosta's nomination at the beginning of press conference yesterday before moving on
to a host of other topics
, using what the WSJ calls
"the bully trumpet."
"He'll be a tremendous Secretary of Labor," Trump said.
Publications that have covered Acosta's appointment so far include: CNBC
, the LA Times
, the New York Times
, Pensions & Investments
, the Wall Street Journal
, and the Washington Post
Neil Anderson, Managing Editor
Stay ahead of the news ... Sign up for our email alerts now