FSI Names Representative Aaron Bean and Senators Steve Daines and Ruben Gallego as Congressional Champions for Main Street

The Financial Services Institute (FSI), the leading advocacy organization for independent financial services firms and independent financial advisors, today announced that Representative Aaron Bean (R-FL-04), Senator Steve Daines (R-MT) and Senator Ruben Gallego (D-AZ) have been named FSI's Congressional Champions for Main Street in recognition of their leadership on policies that advance the interests of Main Street American investors.

The award honors lawmakers who demonstrate an ongoing commitment to protecting access to affordable financial advice, strengthening retirement security and advancing policies that promote economic opportunity for small businesses and investors.

"We are proud to recognize these lawmakers for their continued leadership and engagement on issues that matter to independent financial advisors, firms and the Main Street families they serve," said FSI's President & CEO Dale Brown. "Their thoughtful approach to public policy and their willingness to engage with our members help ensure that hard-working Americans continue to have access to the financial advice and services needed to help them achieve their financial goals. We appreciate their commitment to policies that strengthen retirement security, protect investors and support independent financial advisors and their clients."

Representative Aaron Bean (R-FL-04)

As a member of the House Committee on Ways and Means, Representative Aaron Bean played an active role in tax legislation, including discussions surrounding the One Big Beautiful Bill Act. Congressman Bean has championed protecting the tax treatment of retirement savings products, a critical issue for FSI's members and their clients saving for retirement. He has also provided support for the Generating Retirement Ownership Through Long-Term Holding Act (GROWTH Act), which would help retirement savers grow their retirement savings by allowing them to automatically reinvest capital gain distributions in the market without facing a tax penalty.

Senator Steve Daines (R-MT)

Senator Steve Daines serves on the Senate Committee on Finance, where he has been a strong champion of tax and retirement policies impacting Main Street investors and independent financial advisors. He is a co-sponsor of the Financial Exploitation Prevention Act and has been a leading voice in support of expanding the 199A pass-through deduction to include independent financial professionals. In addition, the Senator has noted opposition to the Department of Labor's 2024 unworkable fiduciary rule noting the unnecessary burdens it creates for financial advisors and firms. Senator Daines has consistently demonstrated a shared commitment to preserving Americans' access to professional financial advice.

"The American dream means affordability and economic prosperity for all," Senator Daines said. "I'm proud to fight for initiatives that will lower taxes for hardworking Americans, increase opportunity for businesses and investors, and support Main Street families, and I am grateful for everything the Financial Services Institute does to champion these priorities. I will continue working to lower taxes, support retirement security, and increase economic opportunity for families in Montana and across the nation."

Senator Ruben Gallego (D-AZ)

Senator Ruben Gallego is the original co-sponsor of the Financial Exploitation Prevention Act, demonstrating his early and active leadership in advancing protections for seniors and vulnerable adults against financial abuse. He serves on the Senate Committee on Banking, Housing, and Urban Affairs, a key committee of jurisdiction for FSI priorities. FSI members engaged with Senator Gallego's office during Capitol Hill Day to advance shared policy interests. In addition to his work on the Financial Exploitation Prevention Act, he has supported bipartisan legislation related to Community Development Financial Institutions to help expand access to capital in underserved communities. As a member of the Senate Committee on Banking, Housing and Urban Affairs, Senator Gallego is a strong advocate for policies that help Americans achieve their financial goals.

Brown concluded, "On behalf of our members across the country, we thank Congressman Bean and Senators Daines and Gallego for their continued dedication to the independent financial services industry and American investors. We look forward to continuing to work with them on our shared policy goals."