Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, today I rise in strong support of H.J. Res. 66. The Obama administration spent a lot of time and taxpayer dollars emphasizing the need to protect retirement savers, but as was often the case with the previous administration, their rhetoric rarely matched their actions. For example, the Obama Department of Labor spent years advancing a flawed rule that will limit access to affordable retirement advice for low- and middle-income families. Despite repeated calls for a more responsible approach, the Department pushed forward with an extreme, partisan rule. Then, late last year, the Department finalized two additional rules that will also negatively impact the retirement security of workers. The administration crafted a regulatory loophole that allows States to establish government-run IRAs by circumventing protections workers and employers have enjoyed for decades. As was usually the case, the actions of the previous administration hurt the very people it claimed to be helping. First, this loophole would lead to fewer protections for retirement savers. Working families will have less information about how their retirement plans are managed, and they will have fewer options if those plans are not managed well. They will also have less control over the money they worked so hard to put away. We need to honor hardworking taxpayers, Mr.…”