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Published

June 21, 2022

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Re:  The Enhancing American Retirement Now (EARN) Act

Dear Chair Wyden and Ranking Member Crapo:

The undersigned organizations thank you for your leadership and for crafting the Enhancing American Retirement Now (EARN) Act, which would enhance retirement security for many Americans. We also thank all of the Members of the Committee for their work on this bill. In particular, we would like to recognize the longstanding contributions of Senators Cardin and Portman on retirement security over the years, and most recently on the Retirement Security and Savings Act. We are glad many provisions of RSSA aimed at encouraging employers to establish and maintain retirement plans for their workers are included in the EARN Act. The Committee’s dedication to retirement security is a crucial step to finalizing retirement legislation during this Congress. We look forward to working with the Committee on the EARN 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

Financial Services Institute

Finseca

HR Policy Association

Insured Retirement Institute

Investment Adviser Association

Investment Company Institute

National Association for Fixed Annuities

National Association of Insurance and Financial Advisors

Retirement Industry Trust Association

Securities Industry and Financial Markets Association

Stable Value Investment Association

The ERISA Industry Committee

The SPARK Institute

U.S. Chamber of Commerce

cc: Members of the Senate Committee on Finance