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POLITICO Playbook: The biggest winner of the infrastructure fight

POLITICO Playbook: The biggest winner of the infrastructure fight
politico.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.com Daily Mail and Mail on Sunday newspapers.

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Bill that could make independent advisers employees faces Senate stall

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
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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. ....

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Biden's Wall Street watchdog picks to offer clues on regulations

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Gensler, a former chairman of the Commodity Futures Trading Commission (CFTC) and Goldman Sachs partner, is perhaps the sole Wall Street veteran who is progressive enough to impress the Democratic Party’s left flank.
“When he was nominated to become the director of the CFTC, there were some detractors on both sides of the aisle, but very broad bipartisan support for his nomination. I would expect to see the same thing again here,” said Kurt Wolfe, a corporate and securities attorney at law firm Troutman Pepper.
Chopra, a Federal Trade Commissioner since 2018, has close ties to Sen. Elizabeth Warren ....

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Biden agenda could be in danger with razor-thin Senate win

The election results are a win for Democrats but hardly allows the party free rein to advance the Biden agenda. ....

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