The American Council of Life Insurers (ACLI) issued the following statement in connection with The Financial Regulatory Improvement Act of 2015:
Washington, D.C., (May 21, 2015) – ACLI commends Sen. Richard Shelby (R-Ala.) for his strong leadership in developing The Financial Regulatory Improvement Act of 2015.
This bill reflects many of the principles of transparency, accountability, and due process that are supported by ACLI and its member companies. ACLI appreciates efforts to develop legislation that promotes better regulated and more competitive financial markets.
In particular the bill:
The American Council of Life Insurers (ACLI) is a Washington, D.C.-based trade association with approximately 300 member companies operating in the United States and abroad. ACLI advocates in federal, state, and international forums for public policy that supports the industry marketplace and the 75 million American families that rely on life insurers’ products for financial and retirement security. ACLI members offer life insurance, annuities, retirement plans, long-term care and disability income insurance, and reinsurance, representing more than 90 percent of industry assets and premiums. Learn more at www.acli.com.