Political Quotes

Melvin Watt: “Reclaiming my time, that was exactly the point I was going to make. So a broader amendment, were it germane to this…”

On the recordApril 18, 2007
Reclaiming my time, that was exactly the point I was going to make. So a broader amendment, were it germane to this bill, would probably be received favorably by all of us because we believe that fiduciaries in general should be reporting to the people that they are representing. But when you limit it only to pension plans, you eliminate foundations, you eliminate family trusts, and you eliminate a whole range of other fiduciaries that should have the same obligation. And singling out pension plans in this context I think is the wrong thing to do.
Said by
Melvin Watt
North Carolina
Source
govinfo.gov

Editor's note · Context

Discussing the limitations of an amendment related to fiduciary responsibilities during a committee meeting.

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