American businesses of every size maintain a long-held commitment to providing voluntary benefits that support the welfare of their workers. As Americans live longer, healthier, and more active lives, retirement security becomes a greater concern—particularly with the uncertainty surrounding government programs like Social Security. The private employer-provided retirement system has contributed significantly to the retirement needs of millions of seniors. The Chamber and its members are committed to continuing the success of the system and ensuring the long-term retirement security of Americans.

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Take Action

Protect Retirement Security

The U.S. Department of Labor (DOL) is currently working to redefine the definition of a fiduciary under the Employee Retirement Security Act (ERISA) by modifying what constitutes “investment advice.”

Unfortunately, this re-proposal is both more expansive and much more complicated than the DOL’s controversial 2010 proposal. It will have a disproportionate impact on low and moderate income Americans saving for retirement—especially employees of small businesses who save using products such as IRAs.

The Chamber is committed to working toward a rule that further protects investors while expanding, rather than unnecessarily limiting, access to investment advice and investment choices. Learn more about the threat to retirement security and add your voice to this important issue.

See What Others Are Saying

Businesses are speaking out about what this proposal means to them and the potential consequences for their employees.
Read Their Stories

Become a small business advocate

Join our efforts and help us explain to the Hill, the administration, and the media what being able to offer retirement benefits means to you and your employees.

Interested in writing op-eds, participating in events, and talking with press?
Contact us  

I am afraid...that the DOL's new "fiduciary" rule will cut [my employees] off from receiving critically important investment education and materials on investment options."

Todd Ewing

Share Your Story

Tell us about what being able to offer retirement benefits means to you and your employees. We will share your profile with lawmakers and regulators and highlight your story to show what it means if you could no longer provide retirement benefits to your employees.

Contact Your Officials

Let your representatives in Congress know you oppose the new fiduciary rule.


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The Threat to Small Business Retirement Savings Infographic
The Threat to Small Business Retirement Savings Infographic

Stretching its current regulatory authority over employer-provided retirement plans, the U.S. Department of Labor (DOL) proposed in April a new regulatory package that would put DOL in charge of financial advice provided to all Individual Retirement Accounts (IRAs) as well as to all private-sector, employer-provided retirement plans. This regulatory expansion would change the rules governing how financial advice is provided to roughly $15 trillion in retirement savings, putting DOL in charge. Unsurprisingly, this kind of sweeping change would result in a lot of unintended consequences.




The latest updates across all U.S. Chamber properties

E.g., 02/24/2017
E.g., 02/24/2017
Press Release

Policy Solutions Focus on Reducing Barriers, Making it Easier for Americans to Plan and Save for the Future

Friday, February 3, 2017 - 11:15am
Press Release

Executive Order Calls for Reforms Needed to Spur Economic Growth, Protects American Access to Retirement Advice and Choice 

WASHINGTON, D.C. – U.S. Chamber of Commerce President and CEO Thomas J. Donohue responded today to news that President Donald Trump will issue an executive order enacting sweeping reforms to the Dodd-Frank Act and delaying the Department of Labor (DOL) fiduciary rule:

Friday, February 3, 2017 - 9:15am
Retirement event banner

On Friday, February 3, the U.S. Chamber of Commerce will host an event exploring what saving for retirement means for employers, workers and retirees in today's evolving landscape.

Friday, February 3, 2017 - 8:00am

The Chamber's white paper titled State Auto-IRAs: The Wrong Answer, outlines the ways state auto-IRAs will hurt the small business workers they are supposed to help and highlights how workers benefit from strengthened and expanded employer-provided plans.

Wednesday, January 25, 2017 - 4:30pm
Issue Brief
U.S. Chamber Staff Contacts
  • Randel Johnson, Senior Vice President, Labor, Immigration & Employee Benefits 
  • Aliya Wong, Executive Director, Retirement Policy
Thursday, December 15, 2016 - 1:45pm


December 5, 2016

Submitted Electronically –
Office of Regulations and Interpretations
Attn: RIN 1210-AB63
Annual Reporting and Disclosure
Room N-5655
Employee Benefits Security Administration
U.S. Department of Labor
200 Constitution Ave., NW
Washington, DC 20210

Re: Notice of Proposed Rule Annual Reporting and Disclosure; Notice of Proposed Forms Revisions (RIN 1210-AB63)

Ladies and Gentlemen:

Monday, December 5, 2016 - 5:00pm


November 21, 2016

Submitted via the Federal eRulemaking Portal:
Regulatory Affairs Group
Office of the General Counsel
Pension Benefit Guaranty Corporation
1200 K Street NW
Washington, D.C. 20005–4026

RE: RIN 1212-AB13 - Missing Participants Proposed Rule

To Whom It May Concern:

Monday, November 21, 2016 - 5:45pm
Above the Fold
Scary Regulations

Small business owners don’t need haunted houses or horror movies. Washington gives them plenty of reasons to scream.

Friday, October 28, 2016 - 2:15pm
Above the Fold
A viewing party for the third U.S. presidential debate in San Francisco, Cal.

At the third presidential debate Americans finally heard a question on reforming Social Security, Medicare, and Medicaid.

Thursday, October 20, 2016 - 2:45pm