Statement on the Introduction of the SAVERS ACT

December 18, 2015

Below is a statement from FSI President & CEO Dale Brown on the introduction of the SAVERS ACT in the U.S. House of Representatives. The legislation addresses deep concerns over the pending Department of Labor (DOL) fiduciary rule and its effects on retirement savers:

“We are pleased that a bipartisan effort is being made to help Congress fulfill not only its right but its duty to protect retirement savers. At a time when the possibility of a dignified retirement seems out of reach for so many hard-working Americans, this legislation is critical, and we urge Congress to act on it quickly. For years, a large, bipartisan swath of Congress has showed great concern with the impact the Department of Labor’s fiduciary rule will have on small and mid-sized investors. We are hopeful the Department will take Congress’ deep concerns seriously and fix this rule before it’s finalized and retirement savers are irreparably harmed.”