Mark Kirk: “Right. So the problem we have now is that we have not fully taken advantage of the successes that we have already put in…”

“Right. So the problem we have now is that we have not fully taken advantage of the successes that we have already put in place, that Congress lets each State establish a college charter savings plan like HOPE Scholarship in Georgia or Bright Start in Illinois. But these, each State program, has restrictions and the inability to transfer freely throughout the country. One of the great things about the 401(k) program is that it allows, not only, for Americans to transfer their accounts between employers, but no difficulty to transfer between States. Should not we give that opportunity to each young son or daughter in America so that we can save and invest for college? We know, already, with $70 billion invested in HOPE scholarships or in Bright Start accounts throughout the country, that this has been a great success. How much more of a success will we have if we simply gave the full national charter to 401Kids accounts. I come out of a military background, if you are transferred, or you are part of a large organization, you may live in several States and have the ability to fully transfer these amounts in a national program, bottom line, to make sure that there is much more money available for your son or daughter to be in college.”