Mayeux: NAIFA's Day on the Hill "Even More Critical"

The mission of insurance and financial advisors meeting with members of Congress today on the second day of NAIFA’s Congressional Conference “is even more critical,” according to NAIFA CEO Kevin Mayeux . His assessment came in the wake of Labor Secretary Alexander Acosta’s announcement that the department will not further delay implementation of its fiduciary rule.
 
“While we are disappointed, NAIFA will continue to work with the DOL as it reviews and revises the rule and with the administration as it does away with other burdensome regulations that harm your business,” Mayeux told conference attendees.
 
“You must make sure Congress knows how this detrimental regulation will negatively impact millions of American families who rely on you, their trusted advisors, to help them have financially secure futures,” he added.
 
Politically active advisors have tremendous influence among members of Congress, Mayeux said, and they will help shape the outcomes on the DOL rule and other issues important to their industry and their clients, including tax reform and changes to the health care law.
 
“Tomorrow on Capitol Hill, you will speak with your representatives and senators on these issues,” he said. “More importantly, you will tell your stories and those of your clients. Because you made the effort to be here, Washington lawmakers will know how their decisions impact the families, workers, retirees, and small business owners back in their home districts.”
 
NAIFA’s annual Congressional Conference draws approximately 700 insurance and financial advisors representing every state to Washington, D.C. They receive legislative updates, motivational messages, and practical training on how to be effective political advocates. Today, they are attending hundreds of meetings with lawmakers and staff from congressional offices.
 
“That’s the power of grassroots advocacy,” Mayeux said. “And it is the power of NAIFA’s Congressional Conference.”
 
  • Posted May 24, 2017 IN


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