Political Quotes

“Mr. Speaker, we have talked a lot today about diversification, blackout periods, fiduciary duty; but at the end of the day what this bill really is about is real people and their own financial security. Current pension law is simply outdated, and we have the responsibility to change that. We have the responsibility to ensure that America's retirement futures are not jeopardized by laws that are out of step with our current times. If this bill had been law, it would have made a real difference for Enron's employees. Under this bill they would have had access to professional investment advice, people who could have warned them that they had too many eggs in one basket. They would have been better informed about upcoming blackout periods, and they would have had more freedom to diversify their portfolios. The retirement future of our Nation's workers is too important for political gamesmanship. In the wake of the Enron collapse, the American people are counting on us to make practical and necessary changes to our pension system that basically is healthy, and that, on the balance, works very well.”