EBSA Nominee One Step Closer to Confirmation

EBSA Nominee One Step Closer to Confirmation

IRI Congratulates Preston Rutledge

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) released the following statement from IRI Senior Vice President and General Counsel Lee Covington in response to the Senate Committee on Health, Education, Labor, and Pensions vote to advance Preston Rutledge’s nomination to serve as the Assistant Secretary of Labor for the Employee Benefits Security Administration.

“IRI was pleased to see the Committee take action to move Preston Rutledge’s nomination another step closer to confirmation.  We are excited about the prospect and are looking forward to working with Preston to develop and put in place policies which will help to expand access to workplace retirement plans, increase retirement savings, and boost the utilization of lifetime income products. IRI commends Chairman Lamar Alexander (R-TN) and the members of the Senate Committee on Health, Education, Labor, and Pensions who voted to advance his nomination to head the Employee Benefits Security Administration.  We strongly urge the Senate to act quickly to confirm him."

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