Statement on the Introduction of the SAVERS ACT
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.”
Related Posts
Statement on DOL’s Appeal of District Court Ruling on Independent Contractor Rule
Today, the Financial Services Institute (FSI) released the following statement in response to the U.S. Department of Labor’s (DOL) announcement […]
Read MoreFSI Applauds Court Overturning Withdrawal of DOL Independent Contractor Rule
Today, the U.S. District Court for the Eastern District of Texas ruled that the Department of Labor’s (DOL) delay and […]
Read MoreFSI Statement on the State of the Union Address
The Financial Services Institute’s (FSI) President & CEO, Dale Brown, today released the following statement regarding President Biden’s State of […]
Read More