UpFront | Published in June 2017

Introducing the 27th U.S. Secretary of Labor

What impact will R. Alexander Acosta’s confirmation have?

By PLANSPONSOR staff | June 2017
It remains to be seen exactly what impact R. Alexander Acosta’s confirmation as secretary of labor, last month, will have on the fiduciary rule nuances—and whether and to what extent he will work to implement Trump campaign promises that criticized the role of regulation in the financial services industry.

The new secretary’s background includes experience as a government employee. He served on the National Labor Relations Board, led the civil rights division of the Justice Department and served as a U.S. attorney for the Southern District of Florida during the George W. Bush administration. As a law clerk, Acosta worked for current Supreme Court Justice Samuel Alito when Alito was a federal appellate judge.

Acosta, the son of Cuban immigrants, is the Trump cabinet’s first Hispanic appointee.