This Wednesday June 17th the House Committee on Education and Labor will meet to markup H.R. 1984, the 401k Fair Disclosure for Retirement Security Act of 2009. BrightScope has reviewed the bill in its current form and has expressed its full support for the legislation in a letter to the committee members. No piece of important legislation will ever be perfect, but we appreciate the willingness of those in Congress to hear and address our concerns. We strongly believe that the current bill will be a giant step in the right direction for the defined contribution system.
We encourage others readers of this blog who support this legislation to send their support letters to the House Committee on Education and Labor before the end of the day today.