WASHINGTON — Rep. Robert Dold, R-Ill., is open to dropping his bid to legislatively remove the Dodd-Frank-mandated federal fiduciary duty for municipal advisors if there is a narrowing of who would be considered an MA, an aide said Friday.

“As long as we get the municipal advisor definition correct, with the correct exemptions, then we are less concerned about the federal fiduciary standard,” the aide said.

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