On the recordSeptember 12, 1995
At stake is whether the Department of Labor will continue to act as the Nation's pension watchdog, to ensure the safety of the $3.5 trillion backing the pensions and employee benefits of America's workers and private pensioners. Or, will the Department's role as guardian of those pension assets be undermined by this administration's actions to promote particular investments--investments that may be both risky and tainted by conflict of interest. Economically targeted investments, or ETI's, is the euphemism used to describe these investments in Interpretative Bulletin 91-1 issued by the Department last June. The interpretive bulletin is but one element of the administration's many-pronged approach to promote particular investments within this ETI classification. This bill is an attempt to protect workers and their pensions from the overzealous and misguided promotion of ETI's.
Source
govinfo.gov
