[Congressional Record Volume 141, Number 177 (Thursday, November 9, 1995)]
[House]
[Page H11980]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     THE BIGGEST PENSION RAID EVER

  (Mr. WILLIAMS asked and was given permission to address the House for 
1 minute.)
  Mr. WILLIAMS. Mr. Speaker, I yield to the gentleman from North Dakota 
[Mr. Pomeroy].
  Mr. POMEROY. Mr. Speaker, I thank the gentleman for yielding to me.
  The response I would have to the preceding speaker who just said he 
would ``look into the facts surrounding the $40 bill pension raid'' 
explains the seriousness of this proposal.
  It was advanced in the Committee on Ways and Means--the biggest 
pension raid on employee pensions ever allowed in history by a 
Congress. It did not even have a hearing. It then came to the floor of 
the House and I sought, along with some of my colleagues, an 
opportunity to independently debate and vote on this pension raid 
proposal.
  The Committee on Rules did not allow us to single out the pension 
raid proposal. It was part of the Budget Reconciliation Act. And as the 
preceding speaker indicated, he did not even know it was in there. He 
said he will look into it.
  He has already voted for it--$40 billion, the biggest raid on 
employee pension plans.
  The majority leader said it right earlier this year in response to 
another proposal, he said, ``keep your paws off worker pensions.'' The 
Republican majority would be well advised to follow this advice and 
drop the pension raid provision of the Budget Reconciliation Act.

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