Table 1
The high cost of conflicted advice to retirement savers
| Annual cost to retirement savers from “conflicted” financial advice (in millions) | Cosponsors of the CHOICE Act, which would repeal the fiduciary rule (and also does many other things that hurt the future financial security of America’s working families) | |
|---|---|---|
| U.S. | 17,000.0 | |
| Alabama | 64.3 | Rep. Palmer, Gary J. [R-AL-6] |
| Alaska | 32.7 | |
| Arizona | 366.2 | Rep. Franks, Trent [R-AZ-8] Rep. Hill, J. French [R-AR-2] |
| Arkansas | 107.8 | |
| California | 1,874.4 | Rep. McClintock, Tom [R-CA-4] Rep. Royce, Edward R. [R-CA-39] |
| Colorado | 301.1 | Rep. Tipton, Scott R. [R-CO-3] |
| Connecticut | 298.5 | |
| Delaware | 79.8 | |
| DC | 48.1 | |
| Florida | 971.0 | Rep. Posey, Bill [R-FL-8] |
| Georgia | 363.0 | Rep. Loudermilk, Barry [R-GA-11] |
| Hawaii | 47.3 | |
| Idaho | 126.8 | |
| Illinois | 931.9 | |
| Indiana | 258.7 | Rep. Banks, Jim [R-IN-3] Rep. Hollingsworth, Trey [R-IN-9] |
| Iowa | 205.3 | |
| Kansas | 157.5 | Rep. Estes, Ron [R-KS-4] |
| Kentucky | 270.6 | Rep. Barr, Andy [R-KY-6] |
| Louisiana | 153.4 | |
| Maine | 73.3 | |
| Maryland | 385.7 | |
| Massachusetts | 491.1 | |
| Michigan | 499.2 | Rep. Huizenga, Bill [R-MI-2] Rep. Trott, David A. [R-MI-11] |
| Minnesota | 544.2 | Rep. Emmer, Tom [R-MN-6] |
| Mississippi | 54.0 | |
| Missouri | 337.4 | Rep. Luetkemeyer, Blaine [R-MO-3] Rep. Wagner, Ann [R-MO-2] |
| Montana | 29.7 | |
| Nebraska | 118.3 | Rep. Smith, Adrian [R-NE-3] |
| Nevada | 104.3 | |
| New Hampshire | 187.9 | |
| New Jersey | 610.0 | Rep. MacArthur, Thomas [R-NJ-3] |
| New Mexico | 74.2 | Rep. Pearce, Stevan [R-NM-2] |
| New York | 945.2 | Rep. King, Peter T. [R-NY-2] Rep. Tenney, Claudia [R-NY-22] Rep. Zeldin, Lee M. [R-NY-1] |
| North Carolina | 427.0 | Rep. Budd, Ted [R-NC-13] Rep. McHenry, Patrick T. [R-NC-10] Rep. Meadows, Mark [R-NC-11] Rep. Pittenger, Robert [R-NC-9] Rep. Walker, Mark [R-NC-6] |
| North Dakota | 33.0 | |
| Ohio | 707.1 | Rep. Davidson, Warren [R-OH-8] Rep. Stivers, Steve [R-OH-15] |
| Oklahoma | 137.1 | |
| Oregon | 297.3 | |
| Pennsylvania | 782.8 | Rep. Rothfus, Keith J. [R-PA-12] |
| Rhode Island | 86.7 | |
| South Carolina | 202.4 | |
| South Dakota | 73.2 | |
| Tennessee | 242.0 | Rep. Kustoff, David [R-TN-8] |
| Texas | 1,007.0 | Rep. Arrington, Jodey C. [R-TX-19] Rep. Flores, Bill [R-TX-17] Rep. Thornberry, Mac [R-TX-13] Rep. Williams, Roger [R-TX-25] |
| Utah | 104.5 | Rep. Love, Mia B. [R-UT-4] |
| Vermont | 112.8 | |
| Virginia | 553.3 | Rep. Wittman, Robert J. [R-VA-1] |
| Washington | 618.6 | |
| West Virginia | 29.1 | Rep. Mooney, Alexander X. [R-WV-2] |
| Wisconsin | 449.2 | Rep. Duffy, Sean P. [R-WI-7] |
| Wyoming | 24.2 |
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