Rich Neal: “I include in the Record a letter of support for the SECURE Act from the National Association of Insurance Commissioners.…”

“I include in the Record a letter of support for the SECURE Act from the National Association of Insurance Commissioners. National Association of Insurance Commissioners, May 7, 2019. Hon. Richard E. Neal, Chairman, Ways and Means Committee, House of Representatives, Washington, DC. Hon. Kevin Brady, Ranking Member, Ways and Means Committee, House of Representatives, Washington, DC. Dear Chairman Neal and Ranking Member Brady: On behalf of the National Association of Insurance Commissioners (NAIC), we would like to express our support for H.R. 1994, the Setting Every Community Up for Retirement Enhancement (SECURE) Act. Recognizing the retirement savings crisis that exists in the United States, state insurance regulators have worked to make improvements to regulation and guidance impacting product delivery, compliance, and innovation of insurance products designed to help mitigate this crisis under the NAIC Retirement Security Initiative. Given the unique products and features of our sector, state insurance regulators have embraced a broader public policy responsibility to not only ensure consumers remain protected by a solvent industry, but to help foster an environment where they have greater flexibility and more options to take informed steps to secure their retirement. The SECURE Act is aligned with the goals of this initiative as it seeks to provide greater consumer options for retirement plans.…”