Louise Slaughter: “Amendment No. 6 offered by Ms. Slaughter: Page 244, after line 18, insert the following new section: SEC. 198A. FAIR…”

“Amendment No. 6 offered by Ms. Slaughter: Page 244, after line 18, insert the following new section: SEC. 198A. FAIR TREATMENT OF WOMEN BY FINANCIAL ADVISERS. (a) Findings.--The Congress finds as follows: (1) Women's stature in society has risen considerably, as they are now able to vote, own property, and pursue independent careers, and are granted equal protection under the law. (2) Women are at least as fiscally responsible as men, and more than half of all women have sole responsibility for balancing the family checkbook and paying the bills. (3) Estate planners, trust officers, investment advisers, and other financial planners and advisers still encourage the unjust and outdated practice of leaving assets in trust for the category of wives and daughters, along with senile parents, minors, and mentally incompetent children. (4) Estate planners, trust officers, investment advisers, and other financial planners and advisers still use sales themes and tactics detrimental to women by stereotyping women as uncomfortable handling money and needing protection from their own possible errors of judgment and 'fortune hunters.'”