Senate Panel Advances Biden's Pick for a Key DOL Post

Brad Campbell, partner at Faegre Drinker’s Washington office and former head of EBSA, said on the law firm’s recent Inside the Beltway webcast that Gomez is likely to receive a bipartisan Senate confirmation by year-end.

During her confirmation hearing before the HELP Committee in early October, Gomez — who will be central in helping Labor craft a new fiduciary rule — said that if confirmed, she looks forward to working with the Securities and Exchange Commission as well as with Labor “to be briefed on the efforts of looking at the definition of a fiduciary in different contexts, and taking another look at the conflict of interest rule and how it would apply in different situations.”

Campbell said on the webcast that Labor is not going to meet its December deadline to release a new fiduciary rule, and that a new rule wouldn’t likely come until “the end of spring.”