As sharp lines have emerged within a prominent House committee over how to step up examinations of investment advisors, the panel's chairman has signaled that no legislation will advance without broad, bipartisan consensus.
An aide to Spencer Bachus (R-Ala.), who heads the House Financial Services Committee, confirmed to Financial Planning that competing proposals for where oversight of the sector should properly be housed won't come to a vote before fundamental differences are reconciled.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access