FSI Applauds Passage of SECURE Act

December 19, 2019

The Financial Services Institute (FSI) applauds Congress’ passage of the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) as part of the end-of-year spending package. The bill is the most comprehensive retirement security legislation in more than a decade.

“The passage of the SECURE Act is a significant victory for Main Street Americans,” said FSI President & CEO Dale Brown. “We applaud Congress for passing this important measure to address the retirement savings crisis. Americans are living and working longer than ever before, and too many have inadequate savings as they enter retirement. Currently, 40% of private-sector workers do not have access to a workplace retirement plan. The SECURE Act will increase workers’ access to retirement savings and allow them to make contributions for as long as they are working. We urge President Trump to sign this legislation into law as quickly as possible.”

About the Financial Services Institute (FSI): The Financial Services Institute (FSI) is the only organization advocating solely on behalf of independent financial advisors and independent financial services firms. Since 2004, through advocacy, education and public awareness, FSI has successfully promoted a more responsible regulatory environment for nearly 100 independent financial services firm members and their 160,000+ affiliated financial advisors – which comprise over 60% of all producing registered representatives. We effect change through involvement in FINRA governance as well as constructive engagement in the regulatory and legislative processes, working to create a healthier regulatory environment for our members so they can provide affordable, objective advice to hard-working Main Street Americans. For more information, please visit financialservices.org.