On Monday, March 31st, the LSTA submitted a letter to the House Financial Services Committee (HFSC) advocating for expanded access to private corporate credit for defined contribution plans. On February 26th, the HFSC issued a request for public feedback on capital formation.  The request, which followed  a hearing on the same subject, covered a number of topics relating to capital formation: access to capital, public markets and company lifecycle, investor access and participation, and technology and AI in capital markets. In its letter, the LSTA’s position is that private corporate credit assets can be a valuable investment option for defined contribution (DC) plans, like 401(k)s, if appropriate safeguards are in place.