Sending Office: Honorable Ted Lieu
Sent By:
Michael.Chernin@mail.house.gov

Dear Colleague,

As you may know, the NASDAQ and New York Stock Exchange typically close for major federal holidays, including Martin Luther King Jr. Day, George Washington’s birthday, Memorial Day, Labor Day, Thanksgiving, Christmas, and New Year’s Day.

Regrettably, the NASDAQ and NYSE remain open on Veterans Day, despite the fact that bond markets also close to ensure that we can properly honor our nation’s heroes.  

Please join me in sending a letter to both exchanges urging them to close out of respect for our veterans.
Please let my office know by 11/22 at noon if you would like to join.

Sincerely,

Ted W. Lieu
Member of Congress

 

—-

November XX, 2019

 

Ms. Stacey Cunningham
President
New York Stock Exchange
11 Wall Street
New York, New York 10005

Ms. Adena Friedman
President and Chief Executive Officer
NASDAQ
151 W. 42nd Street,
New York City, NY 10036
 

Dear Ms. Cunningham and Ms. Friedman,

As Members of Congress representing veterans across the country, we write with regard to your decision to keep the NASDAQ and the New York Stock Exchange open during Veterans Day. While we have a great appreciation for the vital role both exchanges play
in the U.S. and global economy, we encourage you to consider closing your exchanges out of respect for our nation’s veterans and their families going forward.

As you know, there is ample precedent for market closures in observance of major federal holidays. The NASDAQ and NYSE typically close for Martin Luther King Jr. Day, George Washington’s birthday, Memorial Day, Labor Day, Thanksgiving, Christmas and New
Year’s Day. Additionally, the Securities Industry and Financial Markets Association recommends that bond markets be closed in observance of Veterans Day, and indeed they were closed on November 11, 2019. Regrettably, the NASDAQ and NYSE remained open. We simply
urge you to consider extending the same courtesy to veterans on their federal holiday.

As President Dwight D. Eisenhower wrote when proclaiming Veterans Day in 1954, “It is my earnest hope that all veterans, their organizations, and the entire citizenry will join hands to insure proper and widespread observance of this day.” It is incumbent
on all of us do what we can to realize this vision of national observance and to honor the women and men who serve our nation in uniform.

We greatly appreciate your attention to this matter.

Sincerely,

Members of Congress

Related Legislative Issues

Selected legislative information: Economy, Finance, Veterans

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