TBMA Submit Comments to the Chairman of the US Senate Health, Education, Labor and Pensions Committee on ERISA
Published on:
October 4, 2005
The Asset Managers Division (AMD)ofThe Bond Market Association (TBMA)* provides comments to the U.S. Senate Health, Education, Labor and Pensions Committee Chairman Edward M. Kennedy(D-Mass.) to support the pension reform legislation that updates the prohibited rules of the Employee Retirement Income Security Act (ERISA). AMD believes the current prohibited transaction rules often serve only to prevent plans from receiving the best prices on their securities transactions.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association in 2006.