Political Quotes

Barney Frank: “I agree on the principle that a fiduciary's vote should have to be made public, but I wouldn't want to limit it only to…”

On the recordApril 18, 2007
I agree on the principle that a fiduciary's vote should have to be made public, but I wouldn't want to limit it only to pension funds. I also don't think it should be limited only to this subject matter, although I agree, given germaneness, the gentleman couldn't have broadened it beyond that subject in this bill. But it could be broadened beyond pension funds. I believe we should have a hearing on the principle where the gentleman is correct, and I agree with him, that fiduciaries should have to be made public, but that is all fiduciaries on all issues.
Said by
Barney Frank
Democratic · Massachusetts

Editor's note · Context

Discussing the need for transparency in fiduciary voting during a legislative debate.

Share

More from Barney Frank

Mar 29, 2017

One thing that not only Barney Frank, Ms. Barnes and also Sandra Day O'Connor, Justice O'Connor agreed on is that that Kelo decision stripped those three words out of the Fifth Amendment, 'for public use.'

congress.gov
Oct 2, 2017

It was a great mistake to push lower income people into housing they couldn't afford and couldn't really handle once they had it.

congress.gov
Mar 5, 2018

Protection and advocacy Agencies, which are Federally funded entities charged with enforcing the rights of persons with disabilities.

congress.gov
Jan 9, 2024

Barney Frank said that he believed that it was a war on crypto that motivated this--not a systemic risk of crypto.

congress.gov

Other voices in this conversation