Bill Clinton: “I have also written to and spoken to both Chairman Warner and Ranking Member Levin from the Senate Committee on Armed…”

“I have also written to and spoken to both Chairman Warner and Ranking Member Levin from the Senate Committee on Armed Services, to ask for hearings on this issue when we return in September. However, I was alerted yesterday that there is a provision in the Department of Defense conference report that would prohibit the Department of Defense from taking immediate action to address these financial abuses on our military installations. Specifically, section 8133 of the conference report does not allow any changes to the Department of Defense Directive 1344.7, entitled ``Personal Commercial Solicitation on DOD Installations,'' until 90 days after a report containing the results of an investigation regarding insurance premium allotment processing is submitted to the House Committee on Government Reform and the Senate Committee on Governmental Affairs. With that investigation still ongoing, it could be months--maybe years, for all we know--until any changes are made to these abusive practices. During that time, more of our young men and women will fall prey to these unscrupulous agents who sell them financial products they do not need and they barely understand.”