Higher premiums and uncovered out-of-pocket expenses for the most part are devastating families and entrepreneurs and everyday Americans of all backgrounds.

These are the overarching principles behind the discussion draft Chairman Kline recently released.

Strengthening retirement security has always been a difficult challenge with no easy answers.

I think this is essential for the survival of the multiemployer pension system.

Thank you, Mr. Green.

I think it is a great option and I think it is the one we have to have if we are going to sustain future benefits for our people.

Pension promises were made to these miners and their families, and these promises need to be kept.

I am a co-sponsor of bipartisan legislation that would solve this problem and avoid a catastrophic scenario for hard-working miners and their families.

Yes. And I'll very quickly, in my little bit of time remaining, is before what happened in a defined benefit plan during an up year of the market, we cut the contributions.

I want to take a point of personal privilege. I don't know whether we will have another subcommittee hearing or a chance to do this, but I would like to thank my friend Ruben Hinojosa.

I can flatly tell you that. I wouldn't put my company and my employees at that risk, because I might bankrupt and they may lose their jobs.

As Chairman Roe has indicated, although there have been suggestions that the PBGC insure a portion of this benefit, these are not included in the discussion draft, and we believe that was the correct option.