But Waters’ amendment blocking enforcement of the rule is likely a tough sell in the Senate.
By Melanie Waddell|June 26, 2019 at 03:36 PM|The original version of this story was published on ThinkAdvisor
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The full House approved on Wednesday House Financial Services Committee Chairwoman Maxine Waters’ amendment to block the Securities and Exchange Commission from enforcing Regulation Best Interest.
The House voted 227-200 to pass Waters’ amendment along with a package of other changes to HR 3351, the Financial Services and General Government Appropriations Act. The provision would prevent the SEC from proceeding to implement, administer, enforce or publicize Reg BI.
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