John Kline: “The number in the President's budget is, in my judgment, simply appalling.”

If Congress does not reform the architecture of the multiemployer pension system, then it won't matter how much money we throw at this problem.

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.

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.