Political Quotes

“I thank Chairman Hensarling. Mr. Speaker, I stand today in strong support of H.R. 1090, the Retail Investor Protection Act. This isn't about the Koch Brothers. This is about low- and middle- income families, seniors, people who try to take a little bit of their life savings and put it away over time. You heard speakers earlier talking about 98 percent of the people who have IRAs have under $25,000 in them. They are who we are aiming to protect. They are the people who are coming to us, asking--begging--for assistance, and they are who we stand with because this is America. {time} 1715 This is not a place where Washington, D.C., is supposed to stand firm and dictate policy for everyone. We are supposed to be about limited government. We are supposed to be in this Nation about putting our trust and our faith in individuals. This proposed legislation by the DOL does the exact opposite. It takes power away from the individual. It takes power away from the individual to talk to their financial adviser and gain educational opportunities to make informed decisions about their long-term investments. My wife and I have two kids, 10 and 12. We are thinking about their financial stability. We want to encourage them to have long-term investments, like my folks suggested to me, so they can make informed decisions.…”