Political Quotes

“It is with great pleasure today that I rise in support of strong, bipartisan passage of the Butch Lewis Act. The Butch Lewis Act will provide the economic security this body ripped out from under millions of hardworking Americans. Across our country, 1.3 million workers and retirees face serious and significant threat of cuts to their hard earned multiemployer pension plans, through no fault of their own. Several of these plans are large enough to take down the entire Pension Benefit Guarantee Corporation, threatening the guaranteed security of 10 million Americans. I have heard the message time and again from retirees in my district and across this nation: they worked for decades to earn these pensions. Now they are too old, or their health too unstable, to return to the workforce. The stress and anxiety are sapping their will. Some have taken their own lives. The Butch Lewis Act will provide much needed and long-overdue relief. The Butch Lewis Act keeps the promises made to retirees. It guarantees pension benefits they have earned into the future. It does so by allowing troubled pension plans to borrow the money needed to remain solvent in 30-year, low interest loans. The plan will repay. Pensions-have afforded millions of middle-class Americans the opportunity to enjoy their golden years with economic peace of mind. Let us restore this peace with swift and just passage of the Butch Lewis Act. The SPEAKER pro tempore.…”