Measures included in package of 32 bipartisan bills meant to ease rules, spur investment
House committee approves measures to raise contribution limits, extend eligibility.
Group supports bill that would exempt brokers who do not custody client funds and are in good standing from having to use an auditor registered with the PCAOB.
But some states are still pursuing investment advice reform as the Labor Department's rule dies and the SEC works on its own proposals.
Legislation heads to floor as part of bipartisan package designed to modernize regulation.
Kavanaugh voted against "Merrill Rule" in 2007 D.C. Circuit Court of Appeals case.
Legislation would require SEC to look beyond AUM in determining size, such as to a firm's number of employees, when scaling mandates.
Compliance experts want agency to revisit regulation whose FAQs now run to 17 pages
Regulator will conduct public financial records review within 15 days of Form U4 filing.
Financial reform group calls on regulator to make more fundamental changes.
