Depriving the insurance companies that invest on behalf of those pensioners, the returns available through investments in covered fund impairs the ability of those pensioners to maintain their retirement security.
Hensarling cites concerns from TIAA-CREF about the impact of the Volcker Rule on pensioners' security.
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More from Jeb Hensarling
Mr. Speaker, I yield 1 minute to the gentleman from Pennsylvania (Mr. Rothfus), the vice chairman of our Financial Institutions Subcommittee, who is also the lead Republican sponsor of one of the bills in the package, H.R. 6069, the Fight…
Mr. Speaker, I yield 1 minute to the gentleman from California (Mr. Sherman), a senior Democrat on the committee and the lead sponsor of the bill.
Mr. Speaker, I yield 2 minutes to the gentleman from Michigan (Mr. Huizenga), the chairman of the Capital Markets, Securities, and Investments Subcommittee, the real leader of this capital formation package on the Republican side of the…
Mr. Speaker, I yield the balance of my time to the gentleman from Kentucky (Mr. Barr), the chairman of the Monetary Policy and Trade Subcommittee, and the subcommittee chairman who helped craft the bill and helped shepherd it to the markup…
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