Slowly but surely, Congress is moving toward addressing what it calls “the rating agency duopoly” controlled by Standard & Poor’s and Moody’s Investors Service. A House committee was scheduled to mark-up a bill on the topic last week and Congress has held several hearings on the issue. The House Committee on Financial Services failed to mark-up H.R. 2990, the Credit Rating Agency Duopoly Relief act, last week because the committee got side-tracked with other issues,