QPAM Exemption Hearing Transcript

This document is about a public hearing held by the U.S. Department of Labor's Employee Benefits Security Administration on proposed amendments to the Qualified Professional Asset Manager (QPAM) exemption under the Employee Retirement Income Security Act (ERISA). The transcript includes testimony from various stakeholders, including plan sponsors, asset managers, and industry groups, who provide their perspectives and concerns regarding the proposed changes to the QPAM exemption. The hearing covers topics such as the scope of the exemption, disqualification criteria, record-keeping requirements, and the potential impact on plan administration and investment opportunities.