You spoke, they listened: Congress takes action to protect investors!
You spoke, they listened: Congress takes action to protect investors!
Great news, investors! Earlier this month, Republicans and Democrats in the House of Representatives worked together to approve legislation to help you secure your financial future.
This was all made possible because of your efforts. Our Secure Financial Future network has called, emailed, and demanded change from Congress – and this is what happens when Americans stand up and let their elected officials hear their voice.
H.R. 2799, the Expanding Access to Capital Act of 2023, sponsored by House Financial Services Committee Chair Patrick McHenry, will go a long way to meaningfully protect and strengthen Americans’ ability to save for the long-term.
What matters to investors:
- Protecting Your Closed End Funds: With the rising attacks of activist investors on closed-end funds, this bill protects investors by closing loopholes exploited by the people trying to make a pretty penny at your expense.
- More Retirement Options for Teachers and First Responders: Allows people that have 403(b) plans through their employers, including many teachers, firefighters, police officers, and healthcare workers, to have access to the same kind of retirement tools as people that have a 401(k). Ultimately, this amendment allows public sector employees to maximize their retirement savings and eliminate the discrepancy between public and private sector-backed plans.
- Easier Access to Important Financial Documents: Brings financial reporting to the 21st century by allowing electronic delivery to become the primary way investors receive specific documents related to their investment accounts. The good news is that if you prefer to receive paper documents, you can select that as an option, so all Americans benefit from this amendment.
It's great to see Congress come together to support investors, but our work is not done. In order to get Congress to continue protecting investors, we need people like you to join our efforts and speak out to protect your retirement savings, and the investments of other Americans.
What’s Next:
The Senate needs to follow the House of Representatives’ lead and vote on this important legislation to help America’s retirement savers. The House listened, now it’s time for the Senate to hear you too!
Secure Financial Future is dedicated to safeguarding the interests of investors and ensuring a promising retirement for all. Join us and together, we can make a difference and protect our financial futures.
