PRO Act opponents target new bill that could curtail independent advisers
The bill, drafted by Senate Finance Committee Chair Ron Wyden, D-Ore., is aimed at reforming the unemployment compensation system, and could restrict use of the independent contractor classification. However, the proposed legislation lacks bipartisan support.
Opponents of the Protecting the Right to Organize Act, a unionization bill that could threaten independent financial advisers, feel good about defeating it, but they’re worried emerging legislation could also jeopardize independent contractors in the financial industry.
Trade associations repre
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