[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]




       CONGRESS MUST STOP THE RAIDING OF AMERICA'S PENSION FUNDS

  (Mr. BALLENGER asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. BALLENGER, Mr. Speaker, while the Republican-led Congress 
continues on the path to becoming the most successful Congress in 
history, the Clinton administration continues to come up with new and 
interesting ways of robbing Peter to pay for liberal social programs 
for Paul. The latest effort by the administration has come in the form 
of ETI's.
  Mr. Speaker, ETI stands for ``economically targeted investment'' and 
is designed to promote the investment of private pension funds into 
liberal social projects. ETI's are a disaster for working men and women 
who want their retirement savings to be invested wisely. Once again, 
the liberals believe that they know what is best for the American 
people and they intend to force that belief on us all in any way they 
can.
  Today, the House will debate legislation to combat this destructive 
and intrusive plan. The working people of America are counting on our 
help to stop this senseless raiding of their pensions.


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