[Congressional Record Volume 141, Number 141 (Tuesday, September 12, 1995)]
[House]
[Page H8730]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


      SUPPORT H.R. 1594 AND RESTORE SECURITY TO OUR PENSION SYSTEM

  (Mr. DeLAY asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. DeLAY. Mr. Speaker, today, we take up legislation on the floor to 
protect the pensions of millions of Americans.
  President Clinton has directed that all government pension plans 
invest in fiscally risky but politically correct investments.
  He has done so for the obvious reason for helping his misguided left-
wing agenda.
  But let me ask a very direct question: What is more important, 
political correctness or pension security?
  In my mind, we need to insure that the Pension Benefit Guaranty 
Corporation invests with only one interest: keeping the pension system 
secure.
  If some Americans want to risk their money in politically correct 
investments, that is their decision. But it should not be by direction 
of the President, and it should not be done with the pensions of 
Americans who rely on them for their livelihoods.
  Mr. Speaker, the President should keep his hands off these pensions. 
I urge my colleagues to support H.R. 1594, which will reverse the 
Clinton Executive order, and restore security to our pension system.


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