Washington, D.C., September 27, 2017 – SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, regarding the tax reform framework:

“SIFMA strongly supports tax reform and we are encouraged that the Framework announced today is another step toward a fair and competitive result for our members and their clients.  We agree with the authors of today’s Framework that we need to modernize the Internal Revenue Code to enhance economic growth and improve the standard of living for all Americans.  SIFMA remains committed to promoting policies that grow the U.S. economy and preserve our robust capital markets.”

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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.