Washington, D.C., April 2, 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:

“The American retirement system has helped millions of Americans prepare for a secure retirement. The SECURE Act will help even more Americans realize this benefit. SIFMA believes this legislation takes important steps toward enhancing the private retirement system and increasing retirement savings, including commonsense provisions with bipartisan support that would encourage small businesses to offer retirement savings plans and encourage individuals to utilize the options that are available to enjoy retirement security. SIFMA supports such policies, which will expand the availability of employer-sponsored savings plans, offer encouragement for employees to participate in a plan, and expand the use of critical tax incentives.

“We commend 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.”

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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 for 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.