I will give you an example. Treasury has talked about the importance of using lifetime-income annuities.
Luke Messer
The Public Record
And this Administration, often the policies that they are putting forward end up hurting the very people that they are designed to help.
Do you believe that this fiduciary rule standard that they are putting forward will make that more likely to happen for middle-class families or less likely?
I have coauthored bipartisan legislation with Congresswoman Maloney that would essentially direct the FDIC, the Federal Reserve, and the OCC to classify investment grade municipal securities as level 2A high-quality liquid assets.
This makes no sense to me. These investments are some of the safest investments in the world.
The Fed should be independent and it ought to make independent monetary policy decisions, particularly in the short term, but the Fed was created by Congress.
I think when the American people look at the financial crisis and the response to the financial crisis, frankly, they are mad.
I think one of the things we have got to remember as policymakers is we aren't just accountable for our intentions, we are also accountable for our results.
For many, they have lost their health care policy. For many, they have lost their doctor. For many, they have seen their prices go away.
There is a high price to pay, whether or not businesses and schools comply with the law.





