DC Update on SEC User Fees, an SRO and Third-Party Exams
It will be difficult to enact any legislation in this Congress, but I predict that the RIA user fee bill will gain co-sponsors, including Republicans.
Barney Frank to Testify on Dodd-Frank’s Impact 4 Years On
Former Rep. Barney Frank will testify Wednesday before the House Financial Services Committee on his namesake Dodd-Frank Act’s impact.
Rep. Bachus Backs Waters' User-Fees Bill
Rep. Spencer Bachus, R-Ala., agreed Thursday to co-sponsor a bill to allow the SEC to collect user fees to help boost advisor exams.
GOP Blocks SEC User Fees From Spending Bill
House Republicans rejected Rep. Maxine Waters’ attempt to amend an appropriations bill by adding her user-fees legislation to help boost advisor exams.
Rep. Waters Calls for Hearing on Advisor Exams
The top Democrat on the House Financial Services Committee wants a hearing on ways to boost advisor exams, including her user fees bill.
Garrett Brings NY Fed Into FSOC Issues
Rep. Scott Garrett is demanding that the New York Fed share with him any information it provides to the FSOC on nonbank SIFI designations.
FPA Steps Up Lobbying Game With First ‘Advocacy Day’
FPA is pushing for a user-fees bill and trying to "establish relationships" with lawmakers.
House Committee Votes to Block SIFI Designations
The two bills would effectively shutter the FSOC for a year, but analysts give them little chance of becoming law.
House Appropriations to Hold Wednesday Vote on SEC Budget
SEC Chairwoman White told lawmakers Obama's $1.7 billion budget would permit the SEC to increase advisor exams.
Advisory Industry Wants More Exams (and Will Pay for Them, Too)
On IAA's annual lobbying day, the industry has “a very unusual message" for Congress, TD Ameritrade's Skip Schweiss told ThinkAdvisor.