Political Quotes

“I would like to commend Subcommittee Chairman Istook, Subcommittee Ranking Member Olver, Chairman Young and Ranking Member Obey for including a provision I have been fighting for during the last several years to protect workers negatively impacted by illegal, age discriminatory cash balance pension plans. Mr. Speaker, as you know, on September 9, 2003, this House overwhelmingly passed by a vote of 258 to 160 an amendment I offered to the Fiscal Year 2004 Transportation-Treasury Appropriations bill barring the Treasury Department from helping to overturn the court decision in the Southern District of Illinois brought by IBM employees against IBM's cash balance pension plan. The Federal court in that case has determined that, as many of us in this House have argued, IBM's cash balance plan and indeed all cash balance plans inherently violate current Federal anti-age discrimination law. By its terms, my amendment barred Treasury from opposing the IBM employees in that case.”