John Tierney: “I do not have to remind the gentleman from California about his efforts to have the committee go to the administration…”

“I do not have to remind the gentleman from California about his efforts to have the committee go to the administration and get that information about where does the rest of the employment situation lie, where are the rest of these pensions in terms of their viability. The fact of the matter is we have been unable to get that information until very recently. We got some of it. But what is the problem with disclosing that to the American public? What is the problem with the Congress knowing the full extent and the public knowing the full extent, how many companies are in this precarious situation? That, if anything, would force Congress hopefully to get up and act. Something that we have known, something that the gentleman has led the way in writing to the committee, speaking to the committee and the administration on this issue and now trying to get the information that will compel them to act on it. Because it is devastating to learn just how many companies are in a situation that are near default or problematic.”