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A bipartisan-backed Congressional bill would give 401(k) investment managers greater leeway in selecting investment vehicles for employee retirement plans.
The Retirement Savings Modernization Act emerged from the Senate Banking Committee under the guidance of Pennsylvania's Republican Senator Patrick J. Toomey. Toomey and his co-crafters intend to build support for the bill as a critical piece of a year-end financial reform package.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
