Rob Andrews: “Mr. Speaker, this piece of legislation is about a person who is at the age of 30 or 40 in his or her life and starting…”

“Mr. Speaker, this piece of legislation is about a person who is at the age of 30 or 40 in his or her life and starting to think about retirement, hopefully sooner than that, and they find they have a few thousand dollars in an account, in an IRA or a 401(k). They pick up the newspaper and they see wild fluctuations in the Dow Jones average, and they hear from some of their neighbors that they are doing great in their investments, and from others they are not doing so well; and they realize they need some help. They need some good sound advice as to what to do with this very crucial asset. Both sides of this debate agree that the present situation is not very good; that the advice does come from people who are like Bob at the coffee shop, the friend of the gentleman from Ohio (Mr. Boehner), someone who is not really qualified, that people get advice through hearsay, and we think something should be done about that.”