Kent Conrad: “I think this is a different time and a different circumstance.”

I think there is just a tremendous opportunity here, and I really applaud the two of you for doing this in a bipartisan way.

The one thing I know for sure is that what is happening now is not working.

If you are really going to relieve me of the administrative burden, if you are going to really relieve me of the liability, if you are going to really relieve me of the cost other than the payroll transfer.

I would say personally I would not go to a company advising me on wealth management that did not have it because I think whoever is advising me ought to have as their highest responsibility to be giving me advice that is in my interest.