John Kline: “I now yield 2 minutes to the chairman of the Workforce Protections Subcommittee, the gentleman from Michigan (Mr.…”

Thank you, Mr. Chairman. I thank the witnesses for being with us today. Excellent testimony, as we're trying to solve the problem that some of us have been dealing with for a long time.

Composite plans are not intended to replace defined benefit plans, but are intended to be an alternative to the 401(k) defined contribution plan.

Former Chairman John Kline, while recognizing that the overtime threshold should be responsibly reformed, called the administration's drastic move extreme and partisan.

I cannot State emphatically enough that far-reaching reform, fiscal responsibility, and bipartisanship must be the principles that guide us as we work to solve this problem.