'We've Got It Backwards In Many Instances Here': Rick Allen Urges Work To Make EBSA More Transparent

5 months ago

At a House Education Committee hearing before the Congressional recess, Rep. Rick Allen (R-GA) spoke about work that needs to be done at the Employee Benefits Security Administration.

Transcript

00:00Okay, I thank the ranking member, and yes, I agree, we need to get to the bottom of this problem.

00:08You know, a couple of things that I heard is, obviously, the insurance companies are a big problem.

00:17And, of course, you know, somehow in this country, we have got to give health care back to our providers

00:24and those who are actually treating people for these sometimes fatal decisions.

00:36And so that's another matter.

00:40But going forward, the Employment Benefits Security Administration is a small agency with vast jurisdiction.

00:50And in these conversations, it kind of reminds me of the IRS, is you're guilty until you prove yourself innocent.

00:58I don't think that's exactly the jurisprudence in our nation, you know.

01:05We are supposed to be innocent until you're proven guilty.

01:10So we've got it backwards in many instances here.

01:14It's important for this agency to use its investigative resources wisely and efficiently.

01:24And, you know, it needs to be open.

01:29No behind-the-back, behind-the-scene activity.

01:34Employers sponsor retirement plans voluntarily, and EPSA should—are voluntary.

01:40And EPSA should work with employers to promote and protect employee retirement savings.

01:47Republicans are committed to protecting retirement savings of workers, retirees, and their families.

01:53As we learned today, government agencies that resist oversight can run amok,

01:58and their actions can harm workers and job creators.

02:02Under the Biden-Harris administration, EPSA teamed up with class-action plaintiff attorneys

02:07to bypass court rules on fair litigation.

02:10That is a black eye.

02:14And it needs to be dealt with.

02:16The legislation we discussed today calls for transparency.

02:20Sunlight is the best disinfectant.

02:24And, Ranking Member, I look forward to working with you and all the members of this committee

02:28to providing a workable solution that secures workers' retirement.

02:36And with that, I yield back.

02:39And I would like to thank all of our witnesses, again,

02:44for taking the time to testify before the subcommittee today.

02:48And without objection, being no further business, the subcommittee stands adjourned.

'We've Got It Backwards In Many Instances Here': Rick Allen Urges Work To Make EBSA More Transparent

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