News Release
ICI Applauds Passage of the ‘Big Beautiful Bill’
Washington, DC; July 3, 2025—Today, Investment Company Institute (ICI) President and CEO Eric Pan released the following statement on the passage of the One Big Beautiful Bill Act.
“The One Big Beautiful Bill Act reflects a strong recognition of the importance of long-term saving, investor access, and efficient markets.
“We are pleased to see Congress protect the tax treatment of voluntary retirement accounts like 401(k)s and IRAs, ensuring that more than 120 million Americans can continue building long-term financial security through tax-advantaged savings.
“ICI also commends Congress for striking Section 899 from the final text, which would have exposed fund shareholders to new taxes and discouraged foreign investment in U.S. companies—ultimately harming American savers.
“We agree on the importance of establishing a savings habit early in life, and the attempt to prioritize long-term savings through the creation of Trump Accounts. We urge Congress to expand investment flexibility to a broader range of strategies and look forward to working with the Administration and Congress on the implementation of these accounts to ensure that they achieve their maximum benefit.
“However, more needs to be done. We encourage the Administration and Congress to continue to prioritize policies that strengthen the retirement system and ensure U.S. capital markets remain attractive, accessible, and resilient. Legislation introduced this session that would continue this momentum for American investors includes the GROWTH ACT, Increasing Investor Opportunities Act, Retirement Fairness for Charities and Educational Institutions Act, and Improving Disclosure for Investors Act. We encourage Congress to move swiftly in the consideration of this legislation.
“The passage of this bill shows the dedication from our policymakers to securing the financial future of all American investors. We look forward to President Trump signing the One Big Beautiful Bill Act into law.”