WASHINGTON AP – Regulators and investor advocates voiced support Tuesday for a proposal that addresses consumer protection and would bring investment funds under government supervision as part of Congress’ efforts to revamp the U.S. financial rule book.
Republicans objected to key elements of the plan and said the Democrats crammed too many complex topics into one hearing of the House Financial Services Committee. Lawmakers’ attendance at the hearing was sparse, and diminished further as the hours-long session progressed.
