Employers Applaud Advancement of the CREATES Act and Transparency Measures, View 2020 as a Transformational Year in Drug Pricing

Employers’ Prescription for Affordable Drugs (EmployersRx) applauded Congress for including the Creating and Restoring Equal Access to Equivalent Samples (CREATES) Act and portions of the Biologic Patent Transparency Act in an omnibus government funding package announced this week. EmployersRx welcomed this legislation and encouraged lawmakers to continue negotiation on comprehensive, transformative legislation that can lower drug costs.

ERIC Applauds Congress for Protecting Retirement Security

The ERISA Industry Committee applauds Congress for including the SECURE Act in the just passed 2020 spending bill. The Act provides Americans with greater retirement security by delivering a permanent fix allowing workers to continue accruing benefits in frozen pension plans, extending the required minimum distribution rules, and helping with student debt repayment.

Multiemployer Pension Reform Will Benefit All Plan Sponsors

The ERISA Industry Committee applauds Senators Grassley and Alexander for moving forward to address the crisis in the multiemployer pension system. Since this crisis impacts plan sponsors of all sizes and across the country, it must be addressed comprehensively to ensure the protection of retirement benefits for millions of workers.