Representatives Zach Nunn (IA-03) and Gregory Meeks (NY-05) introduced the Clarity for Compensation Act, which would permanently allow commission payments to be made directly to an advisor’s business entity rather than to the individual under certain circumstances.
Over the years, advisors’ businesses have evolved from solo practices to ensemble practices to offer clients holistic financial planning services. This legislation would provide a permanent solution and help advisory firms more effectively pay business expenses and staff wages and reinvest in the business.
What is FSI doing on my behalf?
FSI has worked for more than a decade with the SEC and Congress to address this issue, and we coordinated closely with Congressman Nunn’s and Congressman Meeks’s offices to develop this legislation as a permanent solution. We are now conducting meetings on Capitol Hill, and organizing meetings between our members and their Members of Congress to ensure this legislation is passed in 2026.
Why is action needed now?
While FSI has been hard at work educating Members of Congress on this issue, it is vital that we build significant momentum around the bill’s launch. With an election occurring at the end of 2026, it is critical that we make substantial progress on this legislation early in the year.
What do I need to do to ensure my voice is heard?
Send a message to your Members of Congress asking them to support the Clarity for Compensation Act.
Member Instructions:
Please complete this form. Providing this information will ensure your message is sent to the correct policymakers. For your convenience, we have included suggested language. Finally, click the “Submit Your Message” button to send your message. We strongly suggest using your business email address.
Thank you for supporting our advocacy efforts and for letting your voice be heard!