The US Department of Labor Independent Contractor Rule Destroys Black and Hispanic Economic Independence
The United States Department of Labor Final Rule on Independent Contractors went into effect on March 11, 2024, despite lawsuits filed against the rule and a pushback from Congress. So, its business-killing regulations are now fully implemented and have already affected independent professionals and small businesses nationwide. Back in May of 2021, the Financial Services Institute (FSI), which advocates on behalf of independent financial advisors and independent service firms, filed a lawsuit against the U.S. DOL for the steps it took to withdraw the 2021 Independent Contractor Rule implemented by the Trump administration.
Source: https://redstate.com/jenniferoo/2024/05/17/black-financial-advisors-adversely-impacted-by-the-us-department-of-labor-independent-contractor-rule-n2174302
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