The Consumer Federation of America urges opposition to legislation (H.R. 2374) that would impede the ability of the Securities and Exchange Commission and Department of Labor to protect vulnerable investors, workers and retirees from self-interested and sometimes predatory financial services professionals seeking to profit at their expense. We do not know when the bill is likely to come up for a vote, but we have been led to understand that Republican leaders of the House Financial Services Committee hope to bring it to a vote before the August recess.

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