Washington, D.C., November 2, 2017 – SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., president and CEO of SIFMA, on the tax reform legislation introduced today:

“Today is another step towards significant tax reform.  There is much to review in Chairman Brady’s bill and we look forward to providing our thoughts as the process moves forward, but we remain committed to the ultimate goal of a more efficient, pro-growth tax code.”

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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.