Brian Higgins: “10 years ago this Congress saved the American economy by extending Federally secured low- or no- interest loans to the…”

“10 years ago this Congress saved the American economy by extending Federally secured low- or no- interest loans to the banking and insurance industries and the American automakers. In many cases, it was the reckless activity of those industries that caused the economic crisis. And nothing for hardworking American families. In 2017, this Congress passed a 14 percent corporate tax cut, creating a $2 trillion debt, to many of the same industries that almost destroyed the American economy. And, again, nothing for America's working families. Today, more than 200 pension plans covering 1.5 million Americans are seriously in danger of failing. Working families from Buffalo to Boston are threatened with their pensions and their retirement savings being ripped away from them. Mr. Speaker, the Butch Lewis Act, brought to the floor today under the leadership of Chairman Richard Neal and Bobby Scott, will provide stability and retirement security for millions of humble, hardworking Americans, and I urge its passage.”