WASHINGTON — While dealers are pushing for a House committee to approve a pending municipal advisor bill, non-dealer advisors oppose the bill, claiming it contains too many loopholes that would allow firms to engage in advisory activities without being regulated.

The concerns stem from the latest version of H.R. 2827, a bill sponsored by Rep. Robert Dold, R-Ill., that would narrow the definition of muni advisor. The bill is slated to be voted on by the House Financial Services Committee Wednesday.

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