The U.S. House of Representatives voted 397 to 6 in favor of a bill that brings financial advisors one step closer to multi-state licensing. The Senate Banking Committee has approved a similar measure in the U.S. Senate. "There is unprecedented momentum to get this bipartisan legislation enacted into law to secure its promise of an efficient and cost-effective insurance licensing process for financial advisors operating in multiple states," said Cathy Weatherford, president of the Insured Retirement Institute.

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