Financial Services Groups Still Fear Labor Bill
August 2, 2021 by Allison Bell
Financial services industry groups are continuing to fight hard against the Protecting the Right to Organize (PRO) Act, even though supporters seem to be having a hard time rounding up enough support to get it through the Senate.
The PRO Act bill would change federal labor rules.
One section would expand the definition of “employee” for purposes of determining who can join a union. The section would include the financial advisors who are now classified as independent contractors in the definition of employee.