Kevin Brady: “Look, it is not enough to do something. We have to do the right thing. We know the Senate isn't going to consider this…”

“Look, it is not enough to do something. We have to do the right thing. We know the Senate isn't going to consider this bill. They have told everyone. There is no one in the Senate predicting this bill will be taken up. The White House certainly won't support it in its current form. But, like us, they believe we need to find a solution. When all is said and done, I know this bill is well intended. I know the author and leader is well intended because I know him. I think this will actually delay Congress from making the progress we really need to on this issue. So, today, after what will be a largely partisan vote, we are going to be forced to start over at step one. I just think union workers and their families, who work incredibly hard every day, that promises to them ought to be kept. And they demand better from us. {time} 1815 To solve this issue, we have to work together to get to the root cause, which is that there are lower standards and less accountability for these union-managed plans. That is why the promises to union workers are worth a third what the promises are to workers in other plans. That isn't right. This bill doesn't take any steps to make these failing plans more stable. It won't end underfunding. It doesn't make them more solvent over time for their children, who are working, by the way, in these same companies.…”