U.S. House panel offers alternative to retirement adviser rule

WASHINGTON (Reuters) – Legislation to bypass the U.S. Labor Department and have Congress set standards for brokers who give retirement advice passed a major committee on Wednesday and is now headed to the full House of Representatives.Although the bill faces slim chances of becoming law, it reveals the depth of feuding in Washington over the 2010 Dodd-Frank Wall Street reform law’s requirement that retirement advisers follow a “fiduciary” standard that puts their clients&