Search Results for: marcus stanley

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AFR Testimony: AFR Testifies on Legislation that Would Rollback Financial Reform

“Chairman Neugebauer, Ranking member Clay, and members of the Committee, thank you for the opportunity to testify before you today on behalf of Americans for Financial Reform. AFR opposes HR 2287 (NCUA Budget Transparency Act), HR 2896 (the TAILOR Act), and HR 3340 (the Financial Stability Oversight Council Reform Act). We also have concerns regarding HR 2209 (requiring the treatment of certain municipal debt obligations as level 2A assets under liquidity rules).”

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AFR Testimony: Expansion of ERISA Fiduciary Duty Protection is “Long Overdue”

“Over the forty years since the existing DOL rule was written, retirement markets have transformed and workers have become overwhelmingly reliant on self-directed savings. Due to the loopholes in the current rule, brokers providing advice on such self-directed savings can easily evade the fiduciary protections that Congress intended to provide to workers saving for their retirement through employment-based plans.”