06.27.19
House Votes to Halt SEC Regulation Best Interest
by: Melanie Waddell
The House of Representatives on Wednesday approved an amendment from House Financial Services Committee Chairwoman Maxine Waters (D-CA) to block the SEC from enforcing Regulation Best Interest (Reg BI). The House passed the amendment along with a package of other changes to the Financial Services and General Government Appropriations Act. Waters' amendment is not expected to pass in the Senate, however. Related Stories: InvestmentNews; Plan Adviser; CNBC
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