Increasing the regulatory barriers to entry does not make you any safer from unscrupulous people. All it does is reduce competition by keeping people out of the industry. Worse yet, the majority of the people kept out are poor people who can’t afford the time and money investment to obtain licensure in the first place but would likely have been as good as anyone else. So oppose this bill if you believe that a government bureaucracy can effectively protect you, if you hate poor people, or you are already licensed and don’t want the competition. Support this bill if you want to increase financial mobility and make it easier for M&As to take place (utilizing capital better).