As members of the House of Representatives and the Senate trickle back into Washington, it is time to ponder what may happen with securities industry-related issues in the second session of the 106th Congress.

Capitol Hill spinmeisters are already suggesting it will be a busy year. However, with the New Hampshire primaries following right behind the Iowa caucus, and continued Republican control of the House in jeopardy, it is hard to imagine the nation’s lawmakers focusing on issues rather than elections.