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Published

June 13, 2022

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Re:  S. 4353, theRetirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg Act

Dear Chair Murray and Ranking Member Burr:

The undersigned organizations support your bipartisan efforts on S. 4353, the Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg Act (RISE and SHINE Act), which contains numerous provisions to encourage employers to establish and maintain retirement plans for their workers. Your dedication to retirement security and your bipartisan efforts are a crucial step to finalizing retirement legislation during this Congress. We look forward to working with the Committee on the RISE and SHINE Act, and integrating it into a holistic, bipartisan retirement security package.

Sincerely,

American Bankers Association

American Benefits Council

American Council of Life Insurers

American Retirement Association

Defined Contribution Alternatives Association

HR Policy Association

Insured Retirement Institute

Investment Adviser Association

Investment Company Institute

Financial Services Institute

Finseca

National Association of Insurance and Financial Advisors

Retirement Industry Trust Association

Securities Industry and Financial Markets Association

Small Business Council of America

Stable Value Investment Association

The ERISA Industry Committee

The SPARK Institute

U.S. Chamber of Commerce

cc: Members of the Senate Committee on Health, Education, Labor and Pensions