Planning Meeting Attendees Take NAIFA's Advocacy Message to Capitol Hill

NAIFA this week held its annual planning meeting for members who are volunteer leaders for the NAIFA Political Involvement and Political Action Committees.
Rep. Erik Paulsen with
members of  NAIFA-Minnesota
The meeting culminated Thursday with a Day on the Hill, during which 140 attendees had meetings in more than 210 Senate and House of Representative offices.

Key issues the NAIFA members raised with their legislators were:
  • Financial security and tax reform – Encouraging a partnership between the private sector and government to protect the financial security of families and businesses.
  • Senior financial protection – Supporting the Senior$afe Act and other policies and legislation that encourage financial professionals and government to work together to protect the financial wellbeing of senior citizens.
  • The National Association of Registered Agents and Brokers (NARAB) – Encouraging legislators to support the confirmation of NARAB board nominees, including Tom McLeary, a former NAIFA trustee.
During the planning portion of the meeting, NAIFA members received federal and state legislative briefings from NAIFA’s staff government relations experts. Cliff Johnson of the National Journal gave a presentation entitled, “Best Practices in Grassroots Advocacy.”
Sarah Holden, ICI

Sarah Holden of the Investment Company Institute gave a presentation on “The Complementary Components of the U.S. Retirement System.” She spoke about the pyramid of components that make up retirement resources, including individual retirement accounts, employer-sponsored retirement plans, home ownership and Social Security, all of which are impact by laws and policies enacted by elected officials. She also talked about the drawbacks of state-sponsored retirement plans, which “will create a patchwork of requirements on employers and may not achieve the participation rates, contribution rate or asset scale anticipated.”
Mark DeLuc, the majority chief counsel for the Senate Special Committee on Aging, had a question and answer session in which he told attendees how grassroots activism is important to informing members of Congress on financial and insurance issues. Many members of Congress have very little knowledge of insurance matters, particularly because insurance is regulated on the state level, so their “expertise resides back home” in the form of engaged constituents, such as NAIFA members. Also, DeLuc said, NAIFA
Mark LeDuc and NAIFA's Diane Boyle
members relationships help an accepting environment for NAIFA staff who are working with members of Congress.
DeLuc also reported on his work through the Special Committee on Aging on the Senior$afe Act. The Act aims to address “a terrible problem” of seniors targeted for financial abuse, which one estimate pegs at $2.9 billion annually. DeLuc said the bill has been “fully fleshed out with the considerable help of NAIFA to make sure all the Is are dotted and Ts are crossed.”
  • Posted December 2, 2016 IN

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