I had heard that Washington was considering this a few months ago, but now it looks like more of a reality.
The article has a link to a TV ad which shows a couple, worried about their financial future, lamenting the fact that new legislation would prevent them from seeing their financial advisor. I agree with the author that they would be better off.
The is sponsored by "Americans to Protect Family Security".
Retirement firms, protecting their conflicts of interest, take to the airwaves - LA Times