WASHINGTON –The American Council of Life Insurers (ACLI) today joined with other members of the “Build by the Fourth of July^” coalition in congratulating the bipartisan group of 22 senators and the Biden administration on reaching an infrastructure agreement, and the Problem Solvers Caucus for endorsing the agreement.

“The leadership of the White House and a bipartisan group of lawmakers on this initiative is essential for helping our nation strengthen its foundations. Investments in infrastructure lead to economic opportunities, job creation, healthy communities, and renewed commitments to reaching all Americans to keep our society moving forward,” said ACLI President and CEO Susan Neely. “As one of the largest sources of investment capital in the nation, life insurers are part of rebuilding America’s crumbling infrastructure. The $640 million we invest every day in the U.S. economy drives economic and job growth in every corner of the country, helping businesses and communities build better infrastructure, expand operations, and grow their workforce.”

“We join other members of the ‘Build by the Fourth of July’ coalition in enthusiastically supporting this generational investment in American infrastructure,” Neely said.

Read the coalition’s letter to Congress and the Biden administration.

The American Council of Life Insurers (ACLI) is the leading trade association driving public policy and advocacy on behalf of the life insurance industry. 90 million American families rely on the life insurance industry for financial protection and retirement security. ACLI’s member companies are dedicated to protecting consumers’ financial wellbeing through life insurance, annuities, retirement plans, long-term care insurance, disability income insurance, reinsurance, and dental, vision and other supplemental benefits. ACLI’s 280 member companies represent 95 percent of industry assets in the United States.

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