Chantel Sheaks, Executive Director of Retirement Policy for the U.S. Chamber of Commerce, provided the following written statement to the 2019 Advisory Council on Employee Welfare and Pension Benefit Plans for the June 25, 2019 meeting titled "Beyond Plan Audit Compliance: Improving the Financial Statement Audit Process."
Employee Benefits Committee
This committee develops Chamber policy recommendations on all employee benefit issues: health care, pension and retirement plans, and other employer-provided benefits, as well as public programs such as Social Security and Medicare. The committee oversees the Chamber's response to employee benefit legislation pending before all congressional committees of jurisdiction as well as regulatory initiatives before administrative agencies. The committee has a Retirement Plans Subcommittee and a Healthcare Regulatory Task Force (see separate description for the task force under Special Programs, Councils and Task Forces), which works on those issues in more technical detail than the full committee.