Washington, D.C., August 4, 2026 – NAFA today issued the following statement from president and CEO Charles J. DiVencenzo, regarding the introduction of the Simplifying Modern Access to Retirement Tools for Savings (SMART Savings) Act:
“NAFA applauds Senator Barrasso and Congresswoman Tenney for their leadership in sponsoring The Simplifying Modern Access to Retirement Tools for (SMART) Savings Act. This important legislation brings greater clarity and consistency to IRA regulation by eliminating duplicative oversight while preserving the strong investor protections already provided by the SEC, FINRA, and state regulators. By reducing unnecessary regulatory barriers, the SMART Savings Act will help financial professionals better serve retirement savers and expand access to more competitive products and services, allowing Americans to make the most of their hard-earned retirement savings.”