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Group Letter to Senate Committee Regarding Swaps Legislation (PDF)
American Benefits CouncilLink to more items from this source
[Opinion]
Apr. 20, 2010

2 pages. Excerpt: The undersigned organizations, which represent the interests of major private retirement plans across the country, are writing to express deep concerns about the potential adverse effectof swaps legislation on such plans.... We have had extensive discussions on this issue with Members of Congress, their staffs,and representatives of the Administration. No one has said that it was their intent to apply dealer-type regulations to the swap transactions of plans subject to Title I of the Employee Retirement Income Security Act of 1974 ('ERISA plans').... Yet some of the legislative proposals would inadvertently do exactly that by treating many plans as 'Major Swap Participants' ('MSPs').

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