ACB: Press Releases

Contact:	Robert Schmermund (202) 857-3104 Jim Eberle (202) 857-3145	Jim Eberle (202) 857-3145 (work) (703) 893-2593 (home) [email protected]	For Immediate Release September 6, 2000 #00-101
E-mail: [email protected]

AMERICA’S COMMUNITY BANKERS URGES MEMBERS OF THE SENATE FINANCE COMMITTEE TO UNANIMOUSLY REPORT THE CHAIRMAN’S “MARK” OF THE RETIREMENT SECURITY AND SAVINGS ACT OF 2000

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Editors, Reporters:

America’s Community Bankers has urged members of the Senate Finance Committee to unanimously report the chairman’s “mark” of the Retirement Security and Savings Act of 2000 at tomorrow’s markup.

In supporting the proposal by Chairman William Roth (R-Del.), ACB said a unanimous vote would “send a powerful message to the whole Congress about the need to increase retirement savings.”

ACB noted that Roth has made his proposal even more attractive than the House-passed H.R. 1102 by including a temporary nonrefundable savings match for low- and middle-income participants in a qualified retirement plan or Individual Retirement Account.

“It is legislation that both Democrats and Republicans can and should support,” ACB said.

America’s Community Bankers represents the nation’s community banks of all charter types and sizes. ACB members pursue progressive, entrepreneurial and service-oriented strategies in providing financial services to benefit their customers and communities.

ACB’s Letter is linked

America’s Community Bankers is the national trade association committed to shaping the future of banking by being the innovative industry leader strengthening the competitive position of community banks. To learn more about ACB, visit www.AmericasCommunityBankers.com.

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