Thomas Foley: “today is an interesting day on the House floor, as the Democrats ladle hypocrisy from the caldron of cynicism and…”

“today is an interesting day on the House floor, as the Democrats ladle hypocrisy from the caldron of cynicism and political rhetoric. They are talking about a lot of issues other than the underlying issue. They are bringing up names like Tyco and Enron. I notice an absence of any mention of union pension funds that have been looted fraudulently by their own leaders. Do not accuse their advocates and allies of those kinds of crimes. Do not bring them up. Let us deflect the issue of the importance of this bill. This bill is important, important to millions of Americans. It is about portability. H.R. 4931 will ensure that these reforms remain in place and that the barriers to pension portability do not return. Under the bipartisan provisions of this bill, which were developed by my colleague, the gentleman from North Dakota (Mr. Pomeroy), workers for the first time will be able to move retirement benefits between the different varieties of retirement plans offered by for-profit, not-for-profit, and State and local government employees.”