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ASA Applauds Passage of SECURE Act 2.0 and Accelerating Holding Foreign Companies Accountable Act

ASA welcomes wins for investor protection and retirement savers.


WASHINGTON, D.C. – Today, the American Securities Association (ASA) welcomed the inclusion of the Securing a Strong Retirement Act of 2022 (SECURE 2.0) and Accelerating Holding Foreign Companies Accountable Act (AHFCAA) in the year-end omnibus spending bill.

“We were pleased to see SECURE 2.0 included in the year-end spending bill," ASA CEO Chris Iacovella said. "Now more than ever, Americans need new options and flexibility as they save for retirement. This bipartisan legislation includes common-sense enhancements to retirement security—many of which were outlined in ASA’s Retirement Security Agenda.

ASA is committed to helping Americans prepare for retirement. The organization welcomed the introduction of the Securing a Strong Retirement Act of 2020 and consistently engages with regulators and policymakers to encourage solutions that strengthen the current retirement system, protect retirement savers and expand savings opportunities for all Americans.

"ASA is pleased Accelerating crossed the finish line,” Iacovella said. “This legislation accelerates the timeline to delist Chinese companies who are not complying with U.S. laws while promoting market integrity and investor protection. We applaud Senator Kennedy and Rep. Sherman’s leadership on this critical issue and look forward to its implementation.”

ASA has been a longstanding partner with Congress in leading efforts to end China’s fraud on U.S. markets. ASA has called on the SEC to swiftly and fully implement HFCAA, sent a letter to members of the House Financial Services Committee ahead of a hearing examining risks China poses to American investors and U.S. capital markets, and sent a letter encouraging the Committee to consider the (AHFCAA).


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