The American Council of Life Insurers vocally applauded the U.S. House Ways & Means Committee for its recent hearing on retirement security. The organization stated that it "strongly supports" efforts that help Americans prepare for a new era of retirement.

"With the hearing today, Chairman [Bill] Thomas (R.-Calif.) and the House Ways and Means Committee are taking an important step to helping Americans face the challenges that lie ahead," said Frank Keating, president and CEO of the ACLI.

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