FOR IMMEDIATE RELEASE: Dec. 10, 2025
CONTACT: Jarice Thompson, jarice@ourfinancialsecurity.org
Labor, Investor, and Consumer Advocates Urge Congress to Reject Deregulatory Bill that Imperils Workers’ Retirement Savings
Washington, D.C. — Americans for Financial Reform along with the AFL-CIO, AFSCME, AFT, CWA, Consumer Action, Consumer Federation of America, International Association of Machinists & Aerospace Workers (IAM), National Education Association, National Nurses United, Public Citizen, SEIU, The Academy of Financial Education, and UAW wrote to the House in opposition of H.R. 3383, the INVEST Act.
The INVEST Act, would open the door for high-risk, high-fee private equity products and other risky investments to be pushed into the savings and retirement accounts of millions of families. This package of deregulatory legislation advances key priorities from Project 2025 and threatens to undermine the health and stability of the securities markets and expose people and their retirements to risky, opaque investment products without the necessary protections and safeguards.
The groups issued a letter ahead of the House floor vote on a massive deregulatory package that would weaken core investor protections, expand opaque private markets, and expose small investors and workers saving for retirement to products with excessive fees, zero transparency, and risks they cannot afford to bear.
“This bill puts families’ life savings at risk while giving private equity firms a green light to profit at their expense,” said Oscar Valdés Viera, private equity and capital markets policy analyst at Americans for Financial Reform. “Workers deserve safe, transparent retirement options — not predatory, high-fee investments designed for insiders.”
The letter highlights that H.R. 3383 would undermine oversight, reduce disclosures, and open new loopholes allowing private funds to be sold more broadly to everyday investors, despite longstanding safeguards that have prevented these predatory practices.
The letter urged Members of Congress to protect the economic security of millions of mom and pop investors and workers saving for retirement and oppose H.R. 3383.
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