Political Quotes

“Mr. Speaker, let me close with our section on the general debate and thank my colleagues on both sides of the aisle for their contributions to this process. Members on both sides of the aisle believe it is important to protect retirement security of American workers, and Members need to understand that there are outdated Federal laws that need to be dealt with. A bipartisan group of Members believes that the bill, the Pension Security Act, the base bill today, is the reasonable approach to deal with this issue in a balanced way that protects the rights of employees further than it does under current law without driving employers out of the pension business or discouraging employers from setting up new pensions; nor does it restrict the ability of employees to make decisions with regard to their own accounts. I believe my colleagues on the other side of the aisle want to go too far, too far that will have unintended consequences.”