*Letters

Stop Excessive Speculation Act

Published on:
July 25, 2008
Submitted to:
U.S. Senate Majority and Minority Leaders
Submitted by:
SIFMA
Issue:

SIFMA and 9 other associations provide comments to the U.S. Senate Majority and Minority Leaders on the Stop Excessive Speculation Act of 2008 (S.3268). The groups believe the bill will have negative consequences on employer-sponsored retirement plans and retirees.  The groups share their concern that the serious implications of S.3268 on retirement plans and retirement plan participants have not been sufficiently evaluated.

SIFMA co-signed the letter with 9 trade associations: the American Bankers Association, the American Benefits Council, the American Council of Life Insurers, The ERISA Industry Committee, The Financial Services Roundtable, the Investment Company Institute, the Managed Funds Association, the Profit Sharing/401(k) Council of America, and the U.S. Chamber of Commerce.

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