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If House Has Its Way, No Public Pension Trustees Will Be Treated As Muni Advisers By SEC
National Council on Teacher Retirement 
Oct. 24, 2012
"In September, without opposition, the U.S. House of Representatives passed legislation that would exempt all public pension trustees, including those who were appointed to their position or not otherwise elected by the citizens of their plan's governmental sponsor, from being treated as 'municipal advisers' by the [SEC]. The House action would reverse a proposed SEC rule that would treat such trustees differently from elected or ex officio board members."
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