ASA Statement on Nomination of Eugene Scalia for Labor Secretary

We urge the Senate to move his confirmation process forward as swiftly as possible.

WASHINGTON – American Securities Association (ASA) CEO Chris Iacovella released the following statement on the announcement that the Administration intends to nominate Eugene Scalia to serve as Secretary of the U.S. Department of Labor (DOL):

“Eugene Scalia is a highly accomplished attorney with a great deal of experience navigating the intersection of Washington, American businesses, and the impact of regulation on consumers and Main Street investors. He is a fantastic pick to serve as the next Labor Secretary. ASA looks forward to working with him to ensure the DOL harmonizes its rule with the SEC’s Regulation Best Interest Rule. We urge the Senate to move his confirmation process forward as swiftly as possible.”

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ASA’s regional financial services companies work in communities across the country to create jobs, grow the economy, and increase prosperity for all Americans. The ASA exclusively represents the capital market and private client interests of its members and seeks to promote free market principles making it easier to access financial advice and capital. ASA members help Americans save for retirement, provide Main Street businesses with capital to grow, and advise hardworking Americans how to create and preserve wealth. For the latest updates follow @AmerSecurities and learn more at http://americansecurities.org/.