Political Quotes

Rob Andrews: Well, why do we not strike that? I would offer to strike it. Second, let me say this to the gentleman, that to the…

On the recordSeptember 12, 1995
Well, why do we not strike that? I would offer to strike it. Second, let me say this to the gentleman, that to the extent that he is concerned about a prohibition against the promotion of ETI's by the Government, let me just read to him section 3. It will be section 516(a). No agency or instrumentality of the Federal Government may establish, or maintain, or contract with or otherwise provide assistance to any other party to establish or maintain any clearinghouse data base or any other listing, sub 2, for the purpose of encouraging or providing assistance to employee benefit plans or any other part relating to an employee benefit plan to undertake or evaluate economically targeted investments. That seems pretty clear to me is a prohibition against promotion. I would be curious if the gentleman can explain to me why it is not.
Said by
Rob Andrews
Democratic · New Jersey

Editor's note · Context

Discussing a prohibition against government promotion of economically targeted investments.

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