While my Republican colleagues and I continue to support the basic principles of competition and transparency to help encourage lower costs in higher education, we remain concerned that such policies could lead to federal price controls and more confusion for institutions and borrowers.
Kline expresses concern about federal price controls in higher education.
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Chairman Kline's plan, composite plan will provide lifetime retirement income based on pool longevity, similar to defined benefit plans.
Composite plans are not intended to replace defined benefit plans, but are intended to be an alternative to the 401(k) defined contribution plan.
Now we have an overtime rule that will do more harm than good, particularly for lower-income workers and younger Americans.
We owe it to them to set aside our political differences and come to the table to find a bipartisan solution that secures their future.
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