U.S. SENATE – U.S. Senator Steve Daines released the below statement following the news of President Trump’s executive order that unlocks access to investments in alternative assets for main street America and retirees with a 401 (k) defined-contribution retirement plan. The announcement comes after Daines sent a letter to the President encouraging the White House to utilize the regulatory process to democratize access to alternative assets and increase retirement security for workers.
“Today’s EO will level the playing field for millions of workers who are unable to invest in private equity, cryptocurrency, and other alternative assets. For too long, outdated and burdensome regulations have stood in the way of financial freedom and today’s announcement from President Trump will help support main street America and improve retirement security for American workers with defined-contribution retirement plans. I urge the Department of Labor to work expeditiously to implement the executive order with a regulatory safe harbor through a formal notice and comment rulemaking,” said Daines.
Daines sent a letter to President Trump in May urging this action- read the full letter HERE.
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Contact: Matt Lloyd, Gabby Wiggins