State Issues Content

February 14, 2018 The Honorable Donovan M. Dela Cruz Chair, Hawaii Senate Committee on Ways and Means 415 S Beretania St. Honolulu, HI 96813 RE: Fund Industry Opposes S.B. No. 3067 Dear Chairman Dela Cruz and Members of the Senate Committee on Ways and Means: The Investment Company...

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ICI Applauds Senate Vote to Restore Consumer Protections for Proposed Municipal-Run Retirement Plans Washington, DC, March 30, 2017— Investment Company Institute (ICI) President and CEO Paul Schott Stevens made the following statement applauding the US Senate passage of H.J.Res. 67...

Congress Must Restore Protections for State-Run Retirement Plans By Paul Schott Stevens (As published in Morning Consult, March 7, 2017) Unless Congress acts, millions of private-sector workers could lose vital consumer protections if they are automatically enrolled in questionable...

February 22, 2017 Submitted Electronically Kimberly Olson, Rules Coordinator Oregon State Treasury 350 Winter St., NE Suite 100 Salem, OR 97301 Re: Proposed Rules for the Oregon Retirement Savings Plan Dear Ms. Olson: We are pleased to provide these comments on the proposed rules for...

ICI Supports Walberg and Rooney Joint Resolutions to Restore Consumer Protections for Retirement Savers Washington, DC, February 8, 2017— Investment Company Institute (ICI) President and CEO Paul Schott Stevens made the following statement on two resolutions ( H.J. Res 66 and H.J. Res...

Focus on Funds Investor Protections Missing from New Retirement Plan New state-run retirement plans for private-sector employees will be exempt from important investor safeguards. In the October 14, 2016, edition of Focus on Funds, ICI General Counsel David Blass details what workers...

Focus on Funds New California Retirement Plan Brings Many Risks Workers, employers, and taxpayers in California all face risks from the state’s new “Secure Choice” plan. In the October 7, 2016, edition of Focus on Funds, ICI Chief Economist Brian Reid gives the details. Transcript...

Focus on Funds Fund Investors Should Be Alert to “Abandoned Property” Risk Pennsylvania and other states are changing the laws governing when and how retirement savings accounts are deemed “abandoned” by the investor—and taken by the state government. In response, ICI has created...

September 29, 2016 Submitted Electronically Office of Regulations and Interpretations Employee Benefits Security Administration Room N-5655 U.S. Department of Labor 200 Constitution Ave., NW Washington, DC 20210 Re: Savings Arrangements Established by State Political Subdivisions for...