ASA Welcomes Midterm Election Results

WASHINGTON, D.C. – On election day, millions of Americans cast their ballots for the U.S. House of Representatives and Senate chambers and the outcome will shape debates on very important issues over the next two years.

“The voices of hardworking Americans across the country were heard loud and clear,” ASA CEO Chris Iacovella said. “As we look to next year and the 118th Congress, ASA is intently focused on being a partner to both chambers to advance policies that will preserve retirement security, protect investors, maintain fair and efficient markets, facilitate capital formation, and promote the wider usage of private activity bonds to invest in American communities.

“Individuals are concerned about the state of the economy as well their ability to invest in their futures—whether it's saving for a retirement fund or funding their children’s education. ASA echoes these concerns and will fight back against any policies that attack IRAs or retirement rollovers to protect retirement investors.

“ASA is a consistent advocate for enhancing investor protection, which is why we will continue to focus on removing the collection of all investor PII in the consolidated audit trail (CAT) to ensure millions of Americans are not victims of identity theft or cyber-attacks perpetrated by state-sponsored cybercriminals, particularly those supported by the Chinese Communist Party. “Lastly, ASA looks forward to working towards efforts to help small and mid-size businesses raise the capital they need to grow and hire new employees. Congratulations to the member-elects across both chambers of Congress, and we look forward to working with each new member on the House Financial Services and Senate Banking Committees to advance the economy and increase opportunities for working families.”

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