1. United States
2. Mo.
3. Letter

Our retirement funds must be protected from risky, parasitic, and high-fee private equity investments. Most Americans use defined-contribution plans, such as 401(k)s and 403(b)s, as the primary vehicle to save for retirement. Trump’s recent Executive Order exposes these hard-earned savings to volatile financial instruments, while attempting to rebrand them as ‘alternative assets,’ although they lack transparency and have exaggerated claims of high returns. This is dangerous and could lead to financial harm for millions of Americans as the cost of groceries, health care, and housing continues to skyrocket. I demand you introduce legislation to ensure Americans’ retirement funds cannot be raided by private equity.