Washington, D.C., October 27, 2020  – SIFMA today issued the following statement from President and CEO Kenneth E. Bentsen, Jr. on the Securing a Strong Retirement Act of 2020, which was introduced today:

“The American retirement system has helped millions of Americans prepare for a secure lifestyle post-employment. Securing a Strong Retirement Act of 2020 takes important steps toward enhancing the private retirement system and increasing retirement savings. In particular, we are pleased the bill includes provisions that will incentivize small business to offer retirement plans, enable older Americans to save more and hold on to their savings longer, and allow matching contributions for student loan payments. We commend Chairman Richard Neal and Ranking Member Kevin Brady for their long-standing commitment to expanding retirement savings and retirement security for all Americans.”

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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.

 

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