1210-AC38 comment 2467 American Securities Association 05292026
American Securities AssociationSupportTrade association
Summary: The American Securities Association (ASA), a trade association representing regional financial services firms, supports the proposed rule establishing a six-factor, process-based safe harbor for selecting designated investment alternatives. They argue that the rule correctly aligns with ERISA's process-based principles and advocate for specific clarifications regarding litigation-stage presumptions, fee structures, and regulatory coordination.
See attached letter from the American Securities Association. Thank you.