Bill that could make independent advisers employees faces Senate stall The measure has drawn strong opposition from financial industry trade associations. In a March 4 letter to House leaders, 14 groups warned that the bill 'would cause significant disruption to the independent financial services and property casualty insurance industries and the customers we serve.' March 10, 2021 2 MINS Legislation that could force independent broker-dealers, financial advisers and insurance sales professionals to become employees of affiliated financial firms faces difficult prospects in the Senate following narrow House approval on Tuesday. The Protecting the Right to Organize Act would amend the National Labor Relations Act to make it easier for workers to unionize. It also would restrict the ability of companies to classify workers as independent contractors.