Earl Pomeroy: “The legislation he has advanced I believe goes a long way to expanding retirement income security for Americans. I am…”

In May 2010, Senator Casey introduced S. 3157 under the title of Create Jobs and Save Benefits Act of 2010.

We believe we can do much better than this.

It is really on its face absurd. And I appreciate very much the leadership of this Committee in giving us these kinds of fora to have us sit in the sun and dissect it a little bit.

I believe that when it is a securitized issue spread around with no remote concept of insurable interest, you raise profound questions about whether or not this tax incentive ought to apply anymore.