Pharma Investments, Ventures & Law Weekly
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Committee on Investment of Employee Benefit Assets
CIEBA Testifies that Implementing Policies Restricting Commodity Investments Will Undermine Americans' Retirement
July 13th, 2008
William F. Quinn, chairman of the Committee on Investment of Employee Benefit Assets (CIEBA), today testified before the Senate Homeland Security and Governmental Affairs Committee that he was deeply concerned about the prospect of any legislation that would bar pension plans from investing in certain types of assets including commodities. In response to various proposals restricting pension investments, Quinn noted that Congress has long recognized that direct government regulation of pension plan investments is ill-conceived. Quinn emphasized the need to ensure that any action by Congress, no matter how well intentioned, does not undermine the retirement of millions...
Source: Pharma Investments, Ventures & Law Weekly (2008-07-13)
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