AARP, a 35 million-member non-profit advocacy organization of people 50 years of age and older, threw its support behind many of the provisions of the Mutual Funds Integrity and Fee Transparency Act of 2003 on Thursday, ahead of Friday’s markup of the proposal.

In a letter addressed to Capital Markets Subcommittee Chairman Richard H. Baker (R -LA) and Ranking Member Paul E. Kanjorksi (D – PA), AARP said it strongly supports provisions that require fees to be disclosed in dollar amounts. AARP also approved fee disclosures to incorporate all fees, including portfolio transaction costs, and that all distribution expenses be identified in the statements.

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