On the recordOctober 29, 2013
I thank the chairman for yielding me time. How you ended your comments was, Let's move this bipartisan amendment to this bill, and what I was trying to do in a bipartisan manner was to ask the question: Is simply what you are trying to do is to require that investment advisers, that they would have to have, you are saying, a fiduciary duty going forward? That is what you are trying to do to add to this bill? I heard you say that, and I heard Mr. Miller say that. That was my question to you. You said it once. Mr. Miller said it twice. I made a note of it each time. That is my question. That is what you basically want us to do. You want us to make it the law that an investment adviser would have to have a fiduciary standard to do in the best interest, if you will?
