Bernie Sanders: “This amendment is about corporate accountability. Today corporation after corporation has been caught misleading their…”

“This amendment is about corporate accountability. Today corporation after corporation has been caught misleading their investors. Many of these same companies are doing exactly the same thing with respect to employees' pensions. Mr. Chairman, enough is enough. This amendment addresses two issues. First it tells companies they must stop discriminating against workers based on age by shifting to the so-called cash balance scheme. Secondly, it tells companies that they must not cheat their employees out of their hard-earned pension benefits. Specifically this amendment would prohibit the Internal Revenue Service from using any funds for activities that violate current pension age discrimination laws, laws that have been on the books since 1986.”