WASHINGTON — Four more members of Congress have sent letters to the SEC expressing concerns or raising questions about provisions in its proposed muni adviser registration rules that would treat state and local appointed board members as muni advisers who would be subject to registration and regulation.
The letters were sent by Sens. Jack Reed, D-R.I., and Michael Bennet, D-Colo., both members of the Senate Banking Committee, as well as Orrin Hatch, R-Utah, and Rep. Steve Stivers, R-Ohio, the latter a member of the House Financial Services Committee.
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