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H.R. 3857, PASS Act of 2017 (CBO Report for Congress)

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Congress 115th
Date Requested Oct. 12, 2017
Requested By House Committee on Financial Services
Date Sent Dec. 11, 2017
Description:

H.R. 3857 would repeal regulations issued by the Department of Labor that are commonly referred to as the fiduciary rule and would direct the Securities and Exchange Commission (SEC) to develop a new standard to govern the conduct of brokers and dealers. CBO estimates that implementing H.R. 3857 would have an insignificant effect on the federal budget.

 

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