Susan Collins actually said...

"Your report, which came out earlier this week, notes that the Treasury could seek to negotiate a maximum rate that would be a flat, fixed percentage of all transaction dollars."

"Without better planning, millions of American workers will be facing retirement years that are anything but golden."

"Thank you, Mr. Chairman. Let me begin by thanking you for scheduling this hearing today on the all-important subject of retirement savings."

"Which has been the chairman's point and why he wants the Federal Reserve to look at setting reasonable and proportional rates."