Now I am going to go a step further. I wonder whether the people who oppose this bill actually know what the law is. The law is and has been for decades that, if you are an investment adviser, you already have a fiduciary standard with regard to your client. That is the current law. Already the investment adviser, going through an ERISA plan, has a fiduciary standard. I think what you are talking about is a broker-dealer.
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We want to help the nations, for example, of Afghanistan, and we send a dollar over there, and 50 cents trickles down and 50 cents is pilfered.
I would just, again, commend the Member from Florida, Congressman Yoho, as it relates to this opportunity. I think it is important to remember that, just like Americans, whether it was the Revolutionary War or the civil rights movement…
I thank Representative Budd for his comments. At this time, I yield 5 minutes to the gentleman from Florida, (Mr. Yoho).
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