Legislation affecting advisers takes the long and winding road through Congress
Investment advisers would have to establish anti-money laundering programs under a provision tucked into the bowels of the National Defense Authorization Act. It's another example of the breakdown of regular order on Capitol Hill.
Political gridlock makes most legislative roads impassable. If lawmakers want to get a measure through Congress, they have to find a must-pass vehicle for the journey. Sometimes the passengers, such as recent bills affecting financial advisers, go along for the ride in strange modes of transportatio
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