Washington, D.C., December 2, 2017 – SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., president and CEO of SIFMA, on the tax reform legislation passed by the U.S. Senate:

“SIFMA and our members are committed to the goal of a more efficient, pro-growth tax code.  The Senate’s vote on Saturday morning and the House’s passage of its version prior to Thanksgiving are positive steps to achieving that goal.  While there remain issues to be resolved between the two bills, including those which impact our members’ ability to serve clients, we are optimistic that Congress and the Administration will be able to do so successfully in a manner that promotes investment and growth for the long term.”

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SIFMA is the voice of the U.S. securities industry. We represent the broker-dealers, banks and asset managers whose nearly 1 million employees provide access to the capital markets, raising over $2.5 trillion for businesses and municipalities in the U.S., serving clients with over $18.5 trillion in assets and managing more than $67 trillion in assets for individual and institutional clients including mutual funds and retirement plans. 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.