On September 19, 2002, incoming ASPPA President-Elect Bruce Ashton, APM testified on ASPPA's behalf before the ERISA Advisory Council Working Group on Fiduciary Education.Testimony

He testified that "Congress has spent much of this year focusing on how to fix the problems brought to light in [the Enron and WorldCom] debacles. ASPPA supports many of the proposals making their way through the legislative process, including provisions that will expand remedies available to participants and encourage employers to make investment advice more broadly available to participants. While these are laudable and in many cases necessary corrections, we believe there is an important--indeed, critical--issue that is receiving far too little attention. This is the issue of fiduciary competence."

On June 20, 2002, ASPPA President-Elect Scott Miller testified on ASPPA's behalf before Congress during the House Committee on Ways & Means, Oversight Subcommittee, hearing entitled "Retirement Security and Defined Benefit Pension Plans." Testimony

He testifies that," The current plight of the Enron 401(k) plan participants highlights the need to expand and reform the private pension system. The need for reform is especially acute with respect to encouraging plan sponsors to adopt and provide defined benefit pension plans. Since the passage of ERISA, many restrictive and complex laws have been enacted, and complicated regulations issued, which have seriously impeded the ability of large and small businesses alike to maintain defined benefit pension plans for their employees."

On March 5, 2002, ASPPA President Craig Hoffman testified on ASPPA's behalf before Congress during the House Committee on Ways & Means, Oversight Subcommittee, hearing entitled "Employee And Employer Views On Retirement Security." Testimony

He testifies that, "It is critically important that any legislative response to the Enron tragedy not impose rules that will result in reduced retirement plan coverage. In particular, we need to carefully consider any new burdens that may be imposed on small businesses that are already struggling to provide retirement benefits to their employees."