SIFMA Statement on the SECURE Act of 2019

Washington, D.C., May 23, 2019 – SIFMA today issued the following statement from President and CEO Kenneth E. Bentsen, Jr. on H.R. 1994, the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019:

“SIFMA applauds House passage of the SECURE Act 2019, which will enable even more Americans to participate in our retirement system and better prepare for a secure retirement. This legislation takes important, commonsense steps to expand the effectiveness of Individual Retirement Accounts, as well as employer-sponsored retirement savings plans. SIFMA appreciates the bipartisan attention paid to this important issue and thanks Chairman Richard Neal, Ranking Member Kevin Brady, and Reps. Ron Kind and Mike Kelly for their long-standing commitment to expanding retirement savings and retirement security for all Americans.”

SIFMA submitted a letter of support on this legislation, which can be found here: https://www.sifma.org/resources/submissions/support-for-h-r-1994-secure-act-of-2019/

-30-

SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. On behalf of our industry’s nearly 1 million employees, we advocate on legislation, regulation and business policy, affecting retail and institutional investors, equity and fixed income markets and related products and services. We serve as an industry coordinating body to promote fair and orderly markets, informed regulatory compliance, and efficient market operations and resiliency. We also provide a forum for industry policy and professional development. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.