On the recordFebruary 15, 2017
Again, I just--for matters of accuracy about the legislation that is in front of us, I think it ought to be clear that both sides of the aisle can agree that we ought to encourage retirement savings and we ought to be willing to look for choices, opportunities, variety, all of that, and allow States, local communities, cities, to be creative, to look for a means by which we can foster increased retirement savings. All this legislation is doing, though, is saying that we want those approaches to be protected for the retirees. That is all we are saying. We are not opposing States. We are not opposing cities. We are not opposing counties, municipalities, from establishing plans. But we want them to come under ERISA, the same requirements that other people come under, and make sure that people aren't sold a bill of goods that they lose in the future. That is all we are saying. Mr. Speaker, I just want to make that clear. None of the proposals or the statements that are being made that what we are trying to do is stop people from having retirement options is accurate. We just want them to be protected. Mr. Speaker, I reserve the balance of my time.
