Committee Statements | Education & the Workforce Committee

Retirement Security

Price Statement: Hearing on “Examining the Delphi Bankruptcy’s Impact on Workers and Retirees”
Dec 2, 2009 - Good morning and thank you, Chairman Andrews. I would like to begin by thanking our two distinguished panels for appearing today. We appreciate that they have taken time out of their busy schedules to share their experiences and expertise with us. Today’s hearing marks an opportunity to examine the ... More

Kline Statement: Markup of H.R. 2989, the 401(k) Fair Disclosure and Pension Security Act of 2009
Jun 24, 2009 - Thank you, Chairman Miller and good morning. We’re here today to look at a bill that could have widespread consequences for millions of current and future retirees. It deserves a serious debate, and I hope that’s what we’ll give it. As I understand it, H.R. 2989 is a combination of two bills we look... More

Kline Statement: Markup on H.R. 1984, the “401(k) Fair Disclosure for Retirement Security Act of 2009,” and H.R. 1988, the “Conflicted Investment Advice Prohibition Act of 2009”
Jun 17, 2009 - The Subcommittee meets to mark up two bills this morning. This is truly a rare occasion – in fact, it’s the first subcommittee markup we’ve held since the beginning of the 110th Congress. Since we do have a number of items on the agenda, I will keep my remarks brief this morning. As I indicated, we ... More

McKeon Statement: “H.R. 1984, the 401(k) Fair Disclosure for Retirement Security Act of 2009”
Apr 22, 2009 - We’re here this morning to discuss Chairman Miller’s legislation to change the way 401(k) retirement savings plans operate. Much of the focus has been on the bill’s requirements for increased reporting and disclosure, so let me start there, and let me be perfectly clear: Republicans support sensible... More

Kline Statement: “H.R. 1984, the 401(k) Fair Disclosure for Retirement Security Act of 2009”
Apr 22, 2009 - Good morning, and welcome to our distinguished panel of witnesses. Some of you are making a return appearance before the Committee, and we appreciate your efforts to continue to provide us with your expertise on issues of such national importance. Others are joining us for the first time, and we loo... More

Kline Statement: “Retirement Security: The Importance of an Independent Investment Adviser
Mar 24, 2009 - We’re here this morning to examine an issue that is enormously complex, but based on a principle that is remarkably simple. Simply put, today, literally billions of dollars of investment savings in participant directed retirement accounts are being managed by individual plan participants. For the la... More

McKeon Statement: Hearing on “Strengthening Worker Retirement Security”
Feb 24, 2009 - Last fall, as our nation’s financial crisis was worsening, the Committee held several hearings devoted to the effects of this crisis on retirement savings. We heard some troubling testimony about the state of our nation’s economic affairs, its impact on workers and retirees, and a range of proposals... More

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Retirement Security

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