Gottheimer Amendment to Help Senior Investors Passes House

October 18, 2019 by Dan McCue
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.

In The News

Health

Voting

Finance

G7 Ministers Reach Global Minimum Tax Agreement, But Some Say Deal is Too Minimal
Finance
G7 Ministers Reach Global Minimum Tax Agreement, But Some Say Deal is Too Minimal
June 7, 2021
by Reece Nations

LONDON — Finance Ministers from the Group of 7 have struck a landmark agreement to establish a 15% global minimum tax rate, discouraging large multinational companies from shifting profits to offshore tax-havens. The deal, announced over the weekend, was struck by the top economic officials from... Read More

Could the U.S. Be Close to Creating a Digital Dollar?
Cryptocurrencies
Could the U.S. Be Close to Creating a Digital Dollar?
May 12, 2021
by Kate Michael

WASHINGTON — While cryptocurrencies have dominated the news, another type of digital currency is being considered by the central banks of dozens of countries including the United States. Starkly different from crypto, these electronic currencies would have the full backing of their national governments, but opponents... Read More

Coinbase is Here: A Digital Currency Exchange Goes Public
Finance
Coinbase is Here: A Digital Currency Exchange Goes Public

Wall Street will be focused on Coinbase Wednesday with the digital currency exchange becoming a publicly traded company.  Coinbase is making its initial public offering of stock with cryptocurrency chatter seemingly everywhere, even at the U.S. Federal Reserve. It is being incorporated into the business plans... Read More

How Climate Change is Impacting Investment
Finance
How Climate Change is Impacting Investment
March 23, 2021
by Victoria Turner

WASHINGTON - Emma Howard Boyd, chairwoman of the United Kingdom’s Environmental Agency, would like you to invest your pension in environmentally-friendly financial funds, she urged today during a Peterson Institute for International Economics event entitled, “Economic Impact of Climate Change.” Not only do these types of... Read More

Blockchain Could Move Cryptocurrency to Pivotal Place in Economies
Finance
Blockchain Could Move Cryptocurrency to Pivotal Place in Economies
February 12, 2021
by Reece Nations

Cryptocurrencies have the potential to decentralize systems of commerce across the world, leading to vast peer-to-peer markets absent of manipulation.   In order for this to come to fruition, Sheila Warren, head of data, blockchain and digital assets and member of the executive committee at the World... Read More

Federal Financial Regulators Assure Congress They Seek Minorities and Women in Workforce
In The News
Federal Financial Regulators Assure Congress They Seek Minorities and Women in Workforce
September 9, 2020
by Tom Ramstack

WASHINGTON — Representatives from federal financial agencies defended their record on hiring women and minorities Tuesday while members of a congressional subcommittee accused them of an uninspired effort. “I’m not sensing that we’re making a lot of progress here,” said Rep. Sylvia Garcia, a Texas Democrat.... Read More

News From The Well
scroll top