Text of Portman-Cardin Letter to SEC on Proposed 4 p.m. Hard Close

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3/26/2004: Text of Portman-Cardin Letter to SEC on Proposed 4 p.m. Hard Close (The ERISA Industry Committee [ERIC])

Excerpt: Representatives Rob Portman (R-OH) and Ben Cardin (D-MD) on March 24 expressed their concerns over the SEC's proposed rule that would create a hard 4:00 p.m. close on retirement plan investors. The letter to SEC Chairman Donaldson was signed by eleven prominent members of the House (six Republicans and five Democrats).

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