Government affairs

After thousands of investors asked the Securities and Exchange Commission (SEC) to throw out a rule (Rule 30e-3) that would eliminate paper-based investment materials, the SEC halted consideration of the proposed rule. But the fight is far from over. Appropriators in Congress could weigh in on the issue in the appropriations process, so NALC is teaming up with Consumer for Paper Options to urge lawmakers to reject the proposed rule.

Click here to urge your members of Congress to oppose the SEC’s paperless rule.

Preserving paper-based options keeps shareholder reports available to the 1/3 Americans who lack access to broadband internet service and puts more mail in a letter carrier’s satchel.

Nearly 71 percent of investors want paper-based options and more than 30 percent don’t use the internet for investment correspondence due to security concerns.

Tell your representatives: reject the SEC’s attempt to go paperless.

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