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Retirement Issues Likely To Get Bipartisan Support, IRI Members Told

Sen. Kyrsten Sinema, D-Ariz., during her 2018 campaign. She spoke to IRI about retirement issues Wednesday.
Will partisan gridlock always be on the Congressional menu? Or are there some issues on which Democrats and Republicans can work together?
“The only thing limiting bipartisanship is the willingness to try,” said Sen. Kyrsten Sinema, D-Ariz., during a webinar held by the Insured Retirement Institute. The IRI webinar focused on ways Congress can move from gridlock to action to help address Americans’ financial and retirement challenges.
“There is intense pressure from all sides to spend time and energy on scandals and tweets. It’s easy to get distracted by that,” Sinema said. “What is hard is reaching out from your comfort zone to get things done. All the finger-pointing and pot-stirring that goes on cable TV doesn’t provide people with jobs.” ....

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SIFMA: Senior Security Act Would Enhance Efforts To Protect Senior Investors

SIFMA: Senior Security Act Would Enhance Efforts To Protect Senior Investors
Date
20/04/2021
SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, lauding House passage of H.R. 1565, the Senior Security Act of 2021, which would direct the GAO to study the economic costs of the financial exploitation of senior citizens:
“SIFMA strongly supports any efforts that focus on the most immediate and most damaging dangers faced by senior investors, including financial exploitation. H.R. 1565 will strengthen efforts to protect these investors from those bad actors closest to them. It is estimated that senior investors are being exploited out of billions of dollars a year – roughly $3 billion per year in media-reported cases alone, while only an estimated 1 in 44 cases are reported to the authorities. This cost does not even begin to consider the wide-ranging non-financial impacts and the increased reliance on government ....

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