Political Quotes

“Mr. Speaker, I rise today in opposition to yet another reckless attack by the majority on the retirement security of millions of Americans. I don't get why the majority is so determined to go after the retirement security of so many millions of Americans across this country, but that is what H.J. Res. 66 would do. It may get harder for everyday Americans to prepare for their retirement. The resolution we are considering today would prevent State governments--it doesn't make any sense to do this--from providing retirement savings opportunities for their citizens. The fact of the matter is, as was just alluded to, this resolution was designed at the behest of Wall Street and well-connected lobbyists to sideline competition and transparent financial products in the retirement savings market. But this isn't the first time. They put all their energy behind blocking the automatic IRA when it was a proposal that came forward a few years back, even though it was a Heritage Foundation proposal. Then they went after the fiduciary rule that President Obama and the Department of Labor sought to put in place that would protect our retirees from unscrupulous investment advisers. Then President Trump comes in with an executive order to undo what the Department of Labor was trying to do. So we shouldn't be surprised by this action, but we ought to be furious about it.…”