Financial Industry Regulatory Authority Chairman and Chief Executive Officer Rick Ketchum said Friday a feeler from Republican House Financial Services Committee leaders won’t restart a Finra push to oversee financial advisors.

Under his direction for years, Finra had sought legislation giving it the power to regulate advisors, but earlier this year Ketchum said he was no longer interested in gaining the power.

The Republican chairman of the Financial Services Committee Jeb Hensarling and Capital Markets Subcommittee Chairman Scott Garrett raised the possibility of Finra oversight in a recent letter to Securities and Exchange Commission Chairman Mary Jo White suggesting there could be third-party audits of advisory firms.

But Ketchum said his pullback from trying to get the oversight remains.

Ketchum made his comments immediately before appearing at a Consumer Federation of America conference on financial services in Washington, D.C.