Press Release: ASA Commends House Passage of Bipartisan Retirement Security Legislation

WASHINGTON – The American Securities Association (ASA) today commended the U.S. House of Representatives for passing the Family Savings Act, a bill that would make it easier for more Americans to save for retirement, shore up retirement planning options for small businesses, and incentivize additional investment opportunities to help more individuals and families get ahead financially. The ASA strongly supports many of the key provisions in the bill, including the expanded use of open Multiple Employers Plans (MEPs), and looks forward to working with policymakers to advance additional retirement security provisions.

“The Family Savings Act will make it easier for more Americans to save for retirement, help small businesses get more of their workers in a retirement plan, and encourage additional investment options for emergencies, down payments, education and other financial goals,” said ASA CEO Christopher Iacovella. “At a time when too many hardworking Americans feel anxious and have little or no retirement savings, this common sense legislation is a big leap forward to securing America’s financial future. The ASA thanks Chairman Brady and the House for their efforts in championing these economic opportunity policies and we look forward to working with the Senate to advance these and many more retirement security initiatives to the President’s desk.”

Last week, ASA CEO Iacovella penned an op-ed in The Hill highlighting how the Family Savings Act will help more workers get on track for retirement. To read the full op-ed, click here.   

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ASA’s regional financial services companies work in communities across the country to create jobs, grow the economy, and increase prosperity for all Americans. The ASA exclusively represents the capital market and private client interests of its members and seeks to promote free market principles making it easier to access financial advice and capital. ASA members help Americans save for retirement, provide Main Street businesses with capital to grow, and advise hardworking Americans how to create and preserve wealth. For the latest updates follow @AmerSecurities and learn more at http://americansecurities.org/.