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Comment Letter ICI Comment Letter to the Financial Services Committee on the Modernization of the '40 Act February 9, 2026
Comment Letter ICI Response to the SEBI on the Netting of Funds for Transactions by FPIs February 6, 2026
ICI Viewpoints Congress Takes Up FSOC Reform—Why it Matters for Millions of Fund Investors January 9, 2026
Image News Release SEC Commissioner at ICI Innovate: What’s Next to Come on Crypto and AI February 3, 2026
Comment Letter ICI Comment Letter to the Financial Services Committee on the Modernization of the '40 Act February 9, 2026
Comment Letter ICI Response to the SEBI on the Netting of Funds for Transactions by FPIs February 6, 2026
ICI Viewpoints Congress Takes Up FSOC Reform—Why it Matters for Millions of Fund Investors January 9, 2026
Image News Release SEC Commissioner at ICI Innovate: What’s Next to Come on Crypto and AI February 3, 2026
Breadcrumb HOME PAUL SCHOTT STEVENS Author Paul Schott Stevens Paul Schott Stevens was President and CEO of ICI. Paul Schott Stevens was President and CEO of ICI. Viewpoints by this Author 2020 Annual Report to Members: A Conversation with Paul Schott Stevens Congress Should Give Americans Flexibility to Keep Retirement Savings on Track The US Retirement System Is Stronger Than Critics Portray 2020 Investment Company Fact Book: Letter from the President and CEO For Funds' Use of Derivatives, a Promising New Regulatory Framework Regulated Funds: Supporting the Economy During the COVID-19 Crisis Working to Ensure Funds Can Maintain Vital Services During COVID-19 Crisis, Fund Company Staff Are Essential ICI Continues Its Work on Disclosure Improvements 2019 Annual Report to Members: A Letter to ICI's Membership 2019 Annual Report to Members: A Letter to ICI's Membership Don’t Forget the 401(k): America’s Retirement System Helps Workers Save and Preserve Assets ICI’s 2018 Annual Report: Letter from the President Fund Shareholders Have to Receive Reports. They Don’t Have to Pay So Much for Them SEC Should Reject Complex, Costly “Pass-Through” Proxy Voting Fund Adviser Proxy Votes Align with Fund Interests Congress Must Spike “FIFO” for All Investors DOL Fiduciary Rule Review Is Opportunity for SEC Funds Actively Seek Companies’ Sound Management Exemptions from Investor Protections Put California Savers at Risk For “401(k) Pioneers,” No Reason for Regrets A Proposal that Should Be Popped Fund Fees Have Been Falling for Two Decades Secure Choice Is Risky for Workers and for the State Matching Models to Reality: Doomsayers Are Disappointed—Again—as Funds Weather Brexit Shock The SEC’s Historic Success: Six Key Ingredients All Pain and No Gain for Fund Investors Liquidity Risk Management Must Be Done Right Retirement Planning: No Place for Fairy Tales ICI Welcomes IOSCO’S Call to Focus on Products and Activities in Asset Management How SIFI Designation Could Undermine Fund Governance: Parsing the Fed’s Proposal for GE Capital On Fiduciary Rule, New York Times Relies on Fatally Flawed Research Designation’s Vast Reach into Investor Portfolios Across the Universe: Seeing the Whole Picture in the Systemic Risk Debate Why Asset Management Is Not a Source of Systemic Risk Column Makes the Same Mistakes as OFR Getting the Facts Right on Money Market Funds CAP Claims About the 401(k) System Are Misguided On Money Market Funds, Financial Times Column Gets Recent History Wrong David Silver: An Appreciation Money Market Funds: There Goes the Wall Street Journal Again A Comprehensive View on How to Preserve Money Market Funds and Further Their Stability On Money Market Funds, False Promises and Faulty Premises from The Wall Street Journal The Wall Street Journal’s Blind Spot on Money Market Funds How to Build on the Success of 401(k)s Achieving Real Consensus on Money Market Funds 401(k) Plans: Key in Helping Americans Achieve Secure Retirement Clearing Away the Misconceptions About Money Market Funds The Public Deserves Accurate Reporting of the Debate over Money Market Funds JOBS Act Proposal Fails on Investor Protection The SEC’s Data Dump on Money Market Funds Is Misleading Financial Times Column Mischaracterizes the Debate over Money Market Funds Summing Up Investors’ Strong Support for Money Market Funds Three Gaps in the FSOC’s Account of Money Market Funds in the Financial Crisis The NY Fed’s Study: A Pretty Blueprint for an Unworkable Idea The Wall Street Journal Paints a False Picture of Money Market Funds An Outcome for Money Market Funds That We Must Avoid Forcing Money Market Funds to “Float”: Hurting Investors, Increasing Risk The Future of Retirement and the Strengths of the 401(k) System Our Commitment to Advancing the Interests of Investors ICI Research Shows That Commodity Mutual Funds Are Not Driving Commodity Markets Washington Post Mischaracterizes the Strongest Federal Securities Law All Funds and Investors Have a Stake in Our Challenge to CFTC Money Market Funds and Financial Stability: Reason and the Facts Must Guide Regulators Addressing the Economic and National Security Implications of Our Fiscal Crisis The ‘Hue and Cry’ over Money Market Funds Is a Chorus of Many Voices Proposal to Implement the Volcker Rule Raises Deep Concerns for U.S. Registered Funds A Bad Diagnosis Could Be Fatal for Money Market Funds The SEC’s Money Market Fund Plans—Scoring a Hat Trick Against Investors and the Economy Now Is the Time to Put America on a Path of Fiscal Responsibility Washington Post Columnist Ignores Regulation, Transparency of Funds The Volcker Illusion: Why Bank Regulation Won't Work for Money Market Funds Investors and Their Long-Term Commitment to Saving A New Voice for Global Investment Funds The Uphill Path to Better Economic Analysis in Rulemaking 401(k) Plans Help Keep Americans on Track Let’s Preserve America’s Financial Standing in the World Numbers Show the Success of Automatic Enrollment Let’s Set the Record Straight on 401(k) America’s Fiscal Challenge The Challenges of Dodd-Frank Implementation For the Sake of Retirement Savers, ERISA Rules Defining “Fiduciary” Need Clarity “Systemically Important” Designation is a Tool That Should Be Used Sparingly Candor, Compromise, and Equity Must Guide Policymakers as They Meet Challenges of Aging Societies