Gottheimer Amendment to Help Senior Investors Passes House

October 18, 2019 by Dan McCue
Gottheimer Amendment to Help Senior Investors Passes House
The U.S. Securities and Exchange Commission in Washington, D.C. (Photo by Dan McCue)

WASHINGTON – The House has passed an amendment offered on the floor by Rep. Josh Gottheimer that will ensure the U.S. Securities and Exchange Commission gives specific consideration to senior investors and the challenges they face.

The amendment to H.R. 1815, the SEC Disclosure Effectiveness Testing Act, received bipartisan support, passing by a vote of 240-178.

“Since I took office, I have been committed to helping seniors save their hard-earned money for retirement, so they can afford to stay in New Jersey and enjoy their lives with their kids and grandkids,” the New Jersey Democrat said. 

“This amendment is another critical step in making sure that the SEC continues to do right by our seniors, by making sure there is explicit consideration of senior investors as they proceed with investor testing,” he added.

The measure requires that the disclosures retail investors rely on to help make informed financial decisions more clearly convey critically important cost and risk information.

 Watch Gottheimer’s remarks on the House floor here.

A+
a-
TWN
  • investors
  • Securities and Exchange Commission
  • seniors
    • linkedin linkedin

    In The News

    Health

    Voting

    Finance

    April 12, 2024
    by Kate Michael
    IMF Director Sets the Stage for IMF-World Bank Spring Meetings 

    WASHINGTON — As the world's finance ministers and central bank governors prepare to convene in Washington, D.C., for the IMF-World... Read More

    WASHINGTON — As the world's finance ministers and central bank governors prepare to convene in Washington, D.C., for the IMF-World Bank spring meetings next week, Kristalina Georgieva, managing director of the International Monetary Fund, spoke about how this event comes at a delicate moment for the... Read More

    December 18, 2023
    by Storied US Steel to Be Acquired for Over $14B by Nippon Steel
    Storied US Steel to Be Acquired for Over $14B by Nippon Steel

    U.S. Steel, the Pittsburgh steel producer that played a key role in the nation's industrialization, is being acquired by Nippon... Read More

    U.S. Steel, the Pittsburgh steel producer that played a key role in the nation's industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. The transaction is worth about $14.9 billion when including the assumption of debt. The combined company... Read More

    December 14, 2023
    by Wall Street Rises on Hopes for Rate Cuts, as Dow Ticks Toward Another Record
    Wall Street Rises on Hopes for Rate Cuts, as Dow Ticks Toward Another Record

    NEW YORK (AP) — Wall Street is ticking higher Thursday following its big rally the day before on excitement that... Read More

    NEW YORK (AP) — Wall Street is ticking higher Thursday following its big rally the day before on excitement that several cuts to interest rates may indeed be coming next year. The S&P 500 was 0.3% higher in morning trading and within 1.5% of its all-time... Read More

    September 13, 2023
    by What to Know About Renters Insurance and What It Does and Doesn't Cover
    What to Know About Renters Insurance and What It Does and Doesn't Cover

    NEW YORK (AP) — When the unexpected happens — whether fire, hail, or human error — renters insurance can provide much-needed... Read More

    NEW YORK (AP) — When the unexpected happens — whether fire, hail, or human error — renters insurance can provide much-needed stability. But many choose not to purchase coverage, including in places most frequently and hardest hit by natural disasters, new research shows. Linda Klamm, who works as... Read More

    July 12, 2023
    by Inflation Hits Lowest Point Since Early 2021 as Prices Ease for Gas, Groceries and Used Cars
    Inflation Hits Lowest Point Since Early 2021 as Prices Ease for Gas, Groceries and Used Cars

    WASHINGTON (AP) — Squeezed by painfully high prices for two years, Americans have gained some much-needed relief with inflation reaching... Read More

    WASHINGTON (AP) — Squeezed by painfully high prices for two years, Americans have gained some much-needed relief with inflation reaching its lowest point since early 2021 — 3% in June compared with a year earlier — thanks in part to easing prices for gasoline, airline fares, used... Read More

    May 30, 2023
    by Consumer Confidence Declines Again in May, Particularly for Older Americans
    Consumer Confidence Declines Again in May, Particularly for Older Americans

    Consumer confidence fell in May as Americans, particularly older ones, became more pessimistic about the labor market, on top of... Read More

    Consumer confidence fell in May as Americans, particularly older ones, became more pessimistic about the labor market, on top of elevated anxiety over inflation. The Conference Board reported Tuesday that its consumer confidence index fell to 102.3 in May from 103.7 in April. It’s the fourth time... Read More

    News From The Well
    scroll top