,,ii  #aah? ,,congress  #a/ ,session    
,s4 #bebh  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #bf1 #bjbc,mrs4  
,fe9/e9 introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,arm$ ,s]vices  ,a ,,bill  ,to require  
v]ification ( ! f9ancial indep5d5ce (   
f9ancial s]vices c\nselors 9 ! ,dep>tm5t
 ( ,def5se4  #a4 ,v]ification ( !       
f9ancial indep5d5ce ( f9ancial s]vices  
c\nselors 9 ! ,dep>tm5t ( ,def5se  7a7  
,v]ification ( f9ancial indep5d5ce      
,section #iib7;b7 ( title #aj1 ,unit$   
,/ates ,code1 is am5d$-- 7#a7 9 p>agraph
 7#b77;,a7-- 7,a7 9 clause 7i71 by /rik+
 & at ! end2  7,b7 9 clause 7ii7-- 7i7  
by /rik+ may & ins]t+ %all2  7ii7 by    
/rik+ in/allation by any means elect$ by
 ! ,secret>y f among ! foll[+3 & ins]t+ 
in/allation--2  7iii7 9 subclause 7,i7--
 7,i7 by /rik+ ,?r\gh & ins]t+ ?r\gh2 & 
7,,ii7 by /rik+ ,def5se4 & ins]t+       
,def5se22  7iv7 9 subclause 7,,ii7--    
7,i7 by /rik+ ,by contract & ins]t+ by  
contract2 &  7,,ii7 by /rik+ ,int]net4 &

 ins]t+ ,int]net2 or2 &  7v7 9 subclause
 7,,iii7-- 7,i7 by /rik+ ,?r\gh & ins]t+
 ?r\gh2 &  7,,ii7 by /rik+ c\nsel+4 &   
ins]t+ c\nsel+2 &2 &  7,c7 by add+ at ! 
end ! foll[+ new clause3  7iii7 may n   
provide f9ancial s]vices ?r\gh any      
individual unless su* individual agrees 
to submit f9ancial disclosures annually 
to ! ,secret>y4  2  7#b7 9 p>agraph     
7#b77;,b71 by /rik+ in/allation by any (
 ! means set =? 9 subp>agraph 7,a77ii71 
z elect$ by ! ,secret>y conc]n$4 &      
ins]t+ in/allation 9 accordance ) !     
requirem5ts e/abli%$ "u clauses 7ii7 &  
7iii7 ( subp>agraph 7,a742 &  7#c7 9    
p>agraph 7#d7-- 7,a7 by ins]t+ 7,a7 be=e
 ,! ,secret>y2 &  7,b7 by ins]t+ at !   
end ! foll[+ new subp>agraphs3  7,b7 ,9 
c>ry+ out ! requirem5ts ( subp>agraph   
7,a71 ! ,secret>y conc]n$ %all e/abli% a
 requirem5t t ea* f9ancial s]vices      
c\nselor "u p>agraph 7#b77;,a77i71 & any
 o!r individual provid+ c\nsel+ on      
f9ancial s]vices "u p>agraph 7#b71      
submit f9ancial disclosures annually to 

! ,secret>y4  7,c7 ,! ,secret>y conc]n$ 
%all review all f9ancial disclosures    
submitt$ pursuant to subp>agraph 7,b7 to
 ensure ! c\nselor1 or ! individual     
provid+ c\nsel+1 is free f conflict z   
requir$ "u ?is p>agraph4  7,d7 ,if !    
,secret>y conc]n$ det]m9es t a f9ancial 
s]vices c\nselor "u p>agraph            
7#b77;,a77i71 or any o!r individual     
provid+ c\nsel+ on f9ancial s]vices "u  
p>agraph 7#b71 is n free f conflict z   
requir$ "u ?is p>agraph1 ! ,secret>y    
%all ensure t ! c\nselor1 or !          
individual provid+ c\nsel+1 does n      
provide su* s]vices until su* "t z !    
,secret>y det]m9es t su* conflict is    
resolv$4  4  7b7 ,report on f9ancial    
indep5d5ce ,n lat] ?an #ahj days aft] ! 
date ( ! enactm5t ( ?is ,act1 & annually
 !reaft]1 ea* ,secret>y conc]n$ %all    
submit to ,congress a report on !       
p]c5tage ( f9ancial s]vices c\nselors "u
 p>agraph 7#b77;,a77i7 ( section        
#iib7;b7 ( title #aj1 ,unit$ ,/ates     
,code 7z am5d$ by subsection 7a771 & o!r

 individuals provid+ c\nsel+ on f9ancial
 s]vices "u p>agraph 7#b7 ( su* section 
7z am5d$ by subsection 7a771 :om !      
,secret>y det]m9$ to be free f conflicts
 z requir$ "u p>agraph 7#d7 ( su*       
section 7z am5d$ by subsection 7a774    
7c7 ,secret>y conc]n$ def9$ ,9 ?is      
section1 ! t]m ,secret>y conc]n$ has !  
mean+ giv5 to su* t]m 9 section #aja (  
title #aj1 ,unit$ ,/ates ,code4