System. This is about two hours. Subcommittee will come to order. Welcome to the ways and means subcommittee on tax policy, our hearing on how tax reform will simplify our broken tax code and help individuals and families. Before we get started with Opening Statements and so forth, id like to yield to the chairman of the ways and Means Committee, congressman kevin brady for the purposes of introducing a distinguished witness who is before us today. Mr. Chairman. Thank you. Chairman rossman, thank you for your leadership of the tax committee. Thank you for leading hearings like this that allow america to have the conversation about creating a bolder, fair, flatter and more pro growth tax code. I want to thank all our witnesses for being here today, but i want to give a special welcome to our friend, my friend, chairman bill archer, former leader of this committee and a longtime mentor of me personally. Chairman archer, thank you for being here to share your insight and your experience o
The subcommittee will come to order. Welcome to the ways and Means Sub Committee on tax policy our hearing on how tax reform will simplify our broken tax code and help individuals and families. Before we get started id like , to yield to the chairman of the ways and Means Committee , congressman kevin brady to , introduce a distinguished witness whos before us today. Mr. Chairman . Thank you for your leadership of the tax policy. The Sub Committee is such a important time in americas history. And thank you for leading hearings like this that allow america to have the conversation about creating a bolder, fairer, flatter and pro growth tax code. I want to thank all our witnesses for being here today. I want to give a special welcome to our friend chairman bill archer, former leader of this committee and a longtime mentor to me personally. Chairman archer thank you for , being here to share your insights and experience on tax reform. I know everyone on our committee is familiar with chai
Your life, your future. Now becky quick. Millions of people depend on their ira to fund their retirement. Sharon epperson has more. Former engineer ronald tusy is spending his retirement much like he imagined he would. What he didnt plan on was a prolonged legal battle with his former employer, abb, over his 401 k plan. It was very difficult to figure out exactly what it was costing you. He eventually filed a class action lawsuit, claiming the company failed to comply with federal law, causing Plan Participants to incur unnecessary and improper fees. We spent a year and nine months looking into industry practices and the abb plan and i came away convinced that people were being ripped off for their retirement assets. A Missouri Federal Court ruled in favor of tusy, but no one has received a penny. Since the case is still on appeal, abb said it could not comment on an open case but did say benefit offerings are reviewed regularly. Plan sponsor really need to be educated on, well, then w
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