[Congressional Record Volume 141, Number 119 (Friday, July 21, 1995)]
[House]
[Page H7384]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   ECONOMICALLY TARGETED INVESTMENTS

  (Mr. JONES asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. JONES. Madam Speaker, because President Clinton knows that he 
will never have the support of the Republican Congress to raise taxes, 
in order to fund his social projects and handouts, he is dipping into 
the $3.5 trillion in private pension funds. The Clinton administration 
and his Department of Labor are encouraging pension fund managers all 
over the country to invest in economically targeted investments, or 
ETI's. ETI's are the administration's new scheme for harnessing private 
pension funds for social investment projects.
  The American people should be able to sleep at night knowing that 
their retirement money is invested to give them the safest and most 
lucrative return possible. Their retirement money should not be 
improperly risked in ETI's. Madam Speaker, we must keep the Clinton 
administration's hands off America's pensions.


                          ____________________