ICI President Paul Schott Stevens supports the financial services regulatory reform bill, recently signed by President Obama, noting that it leaves intact tried-and-true mutual fund regulation.

In this letter to lawmakers, ICI outlines issues in the financial services regulatory reform bill that could have adverse consequences to mutual funds, investment companies, and millions of investors.

ICI’s statement for the record on lifetime income options for a U.S. Senate Special Committee on Aging hearing stressed the need to preserve retirees’ choices on how to take distributions from their retirement accounts.

Because the Department of Labor is nearing completion on regulations to enhance transparency in 401(k) plans, Congress should not introduce new legislative language regarding disclosure in H.R. 4213.

In a written statement for the record, ICI argued against regulating glide paths or names for target retirement date funds and outlined principles for enhancing understanding of the funds.

The Regulated Investment Company Modernization Act of 2009 would help bring the tax regime up to date and benefit shareholders by reflecting numerous developments in recent years.

In a statement, ICI President and CEO Paul Schott Stevens expressed support for the GROWTH Act, saying it offers a tool to boost the financial wherewithal of millions of Americans.

ICI’s statement for the record on lifetime income options for a U.S. Senate Special Committee on Aging hearing stressed the need to preserve retirees’ choices on how to take distributions from their retirement accounts.

The Regulated Investment Company Modernization Act of 2009 would help bring the tax regime up to date and benefit shareholders by reflecting numerous developments in recent years.

Fund shareholders were not the intended target of an Administration proposal to levy a fee on financial institutions to reimburse taxpayers for costs associated with the Troubled Asset Relief Program.