The head of the House Financial Services Committee is renewing his call to act on legislation to increase oversight of investment advisors, a bipartisan bill that stalled in the committee last month.

Writing in an op-ed in the Wall Street Journal, Rep. Spencer Bachus (R-Ala.), urged action on the Investment Adviser Oversight Act, a measure he introduced along with New York Democrat Carolyn McCarthy to address what he describes as a dangerous regulatory gap.

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