Press Release: Portman-Cardin Bill Will Help Tackle America’s Retirement Security Crisis

WASHINGTON – The American Securities Association (ASA) today applauded introduction of a bipartisan bill from Senator Rob Portman (R-OH) and Senator Ben Cardin (D-MD) to help address America’s retirement security crisis by making it easier for more Americans to save and invest, expand the ability of small businesses to offer plans, and provide low-income Americans with more opportunities for a better financial future.

“We applaud Senators Portman and Cardin for coming together once again to empower more Americans to save for retirement and help tackle our national retirement security crisis,” said ASA CEO Chris Iacovella. “This much-needed legislation will help millions of working families and small businesses, strengthen the retirement system, and provide Americans with piece of mind as they near retirement. We look forward to being a helpful partner to advance this thoughtful bipartisan bill to the President’s desk.”

Last month, ASA released its 2019 Retirement Security Agenda, outlining its support for a range of policies to enhance America’s retirement security including many featured in the Portman-Cardin bill. To read ASA”s full retirement agenda, click here.


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