Financial advisers' SRO bill seen as low priority in House

A bill to move supervision of financial advisers from the Securities and Exchange Commission to one or more self-regulatory organizations is unlikely to see a House vote this year, after Rep. Jeb Hensarling, R-Texas, was elected chairman of the House Financial Services Committee, industry officials say. Hensarling is expected to focus on reforming Fannie Mae and Freddie Mac and possibly curtail some Dodd-Frank Act measures.

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