A bill to move supervision of financial advisers from the Securities and Exchange Commission to one or more self-regulatory organizations is unlikely to be a priority for Rep. Jeb Hensarling, R-Texas, who 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 curtailing some Dodd-Frank Act measures. Read more about the AICPA's advocacy on this and other legislative and regulatory issues affecting personal financial planning on AICPA.org.

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