Roby Admonishes Administration's Proposed Labor Regulations
In an Education and Workforce Committee meeting, U.S. Representative Martha Roby discusses the impact the Labor Department’s proposed federal regulations would have on the retirement security of workers and retirees. During the meeting, Roby questions Assistant Secretary of Employee Benefits Security Administration (EBSA), Phyllis Borzi, about the Administration’s proposal to implement new regulations that will significantly impact investments and long-term retirement security of workers and retirees.
Before questioning Sec. Borzi, Roby first focuses on the detriment of government overreach by addressing how federal regulations are hindering American business growth and economic stability for families.
Roby: “Men and women, families all over this country have been tightening their belts for the past several years and it’s time this federal government tightens their belt too. Which is exactly what House Republicans are proposing and we need to do all that we can to ensure to the American people that we are removing this uncertainty so that we can get Americans back to work.”
Borzi: “Well, and the Administration and the Democrats believe that we need to get moving on this and be serious about the debt, as well. I do not think it is a partisan issue, I think that people have different ways of getting to the same point. But I think the goal is a shared one.
Roby: “Well raising taxes on the American people right now is certainly not going to get Americans back to work.
Roby then continues to question Sec. Borzi about the Labor Department’s proposed regulations that will affect the retirement security of workers and retirees and if these rules fall in line with the President’s request to regulators to “ease” federal regulations.
Roby: “Madame Secretary thank you for being here, Mr. Chairman thank you. President Obama issued an Executive Order this winter and he urged regulators to ease regulatory burdens. With all of the concerns being raised around this rule, how does this proposal fit within the President’s initiative to ensure that rules do not have a negative impact on investors, businesses and the economy?
Assistant Secretary Borzi’s response can be viewed here.