John Kline: “I absolutely voted against that, because it set us on this path where we are running up huge deficits and debts that…”

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

I urge my colleagues to stand with the American people today and protect access to affordable retirement advice by voting to override the President's veto. I yield back the balance of my time, and I move the previous question. The SPEAKER…

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.

Part of the way we need to approach these solutions is to adopt reforms that address the structural flaws within the plans.