American Council of Life Insurers (ACLI) President & CEO Dirk Kempthorne issued the following statement on the Protecting American Families’ Retirement Advice Act introduced by Representative Joe Wilson (R-SC):

Washington, D.C., (January 6, 2017) – “We thank Congressman Wilson for his leadership in introducing legislation acknowledging the need for immediate action to extend the April 10th compliance deadline of this rule.”

American Council of Life Insurers 101 Constitution Ave, NW, Suite 700, Washington, DC 20001-2133

The American Council of Life Insurers (ACLI) is a Washington, D.C.-based trade association with approximately 280 member companies operating in the United States and abroad. ACLI advocates in state, federal, 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 95 percent of industry assets. Learn more at www.acli.com.