John Tierney: “I am opposed to it in its current form. The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk…”

“I am opposed to it in its current form. The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read as follows: Mr. Tierney moves to recommit the bill H.R. 2374 to the Committee on Education and the Workforce and the Committee on Financial Services with instructions to report the same back to the House forthwith with the following amendment: Add at the end the following new section: SEC. 4. PROTECTING RETIREMENT SAVINGS FROM INVESTMENT FRAUD. Nothing in this Act shall limit the authority of the Secretary of Labor to issue regulations to-- (1) prevent fraud in regard to pensions, 401k plans, and other retirement savings accounts of seniors, veterans, and other American workers; (2) require that financial service providers, when advising employers or employees about pensions, 401k plans, or other retirement savings accounts, clearly disclose any fees or other charges; or (3) promote investment education and sound financial advice to employers and employees with regards to pensions, 401k plans, and other retirement savings accounts. The SPEAKER pro tempore. The gentleman from Massachusetts is recognized for 5 minutes.”