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Full Committee Hearing

Securities Lending in Retirement Plans: Why the Banks Win, Even When You Lose

Date:
Time: 02:00pm

Member Statements

Witnesses

  • Charles Jeszeck

    Acting Director, Education, Workforce and Income Security
    Government Accountability Office
    Washington, DC
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  • Anthony Nazzaro

    Principal
    A.A. Nazzaro Associates
    Yardley, PA
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  • Ed Blount

    Executive Director
    Center for the Study of Financial Market Evolution
    Washington, DC
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  • Allison Klausner

    Assistant General Counsel-Benefits
    Honeywell International, Inc.
    Morristown, NJ
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  • Steven Meier

    Chief Investment Officer, Global Cash Management
    State Street Global Advisors
    Boston, MA
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Related Files

  1. Summary of Committee Research prepared by the Majority Staff: Securities Lending with Cash Collateral Reinvestment in Retirement Plans: Withdrawal Restrictions and Risk Raise Concerns
  2. GAO Report: 401(k) Plans Certain Investment Options and Practices That May Restrict Withdrawals Not Widely Understood
  3. Committee on Aging Print: 112-3