Congress: Don't turn your back on retirement savers
U.S. House of Representatives
Two very bad bills are headed for a vote in the House of Representatives. Both pretend to protect American workers and retirees against dishonest investment “advice.” Both, in reality, would do the opposite: they would codify the loopholes that allow far too many so-called advisers to make recommendations that generate more income for them and less retirement savings for their clients.
Tell Congress: Don’t turn your back on retirement savers. Vote NO on H.R. 4294 and H.R. 4923.
Sponsored by
To:
U.S. House of Representatives
From:
[Your Name]
Americans saving for retirement need advice that's in their best interest to make the most of their hard-earned money. That’s why we urge you to stand with the Department of Labor in its proposal to ensure that all retirement investment advisers put their clients’ best interests first, and oppose H.R. 4294 and H.R. 4923.
These bills would replace the Department's important rulemaking to close loopholes with a standard that continues to allow so-called "advisers" to make recommendations that generate more income for them and less retirement savings for their clients. We need an end to conflicts of interest in retirement advice, not so-called alternatives that preserve a broken status quo. Please reject H.R. 4294 and H.R. 4923.