June 25, 2002  
 
The Honorable James R. Langevin
Statement Before the House of Representatives
Regarding H.R. 4070, The Social Security Program Protection Act
 
Mr. Speaker, I rise in support of H.R. 4070, the Social Security Program Protection Act, which would provide new safeguards for the nearly 7 million Social Security and SSI beneficiaries who use a “representative payee” to receive their benefits. 

Social Security is among the most important and successful federal programs ever created.  In my district alone, 110,000 people rely on this critical safety net for their livelihood.  

When I was elected to Congress, I promised these Rhode Islanders that I would protect Social Security.  While I am pleased by the consideration of H.R. 4070, I would be remiss if I did not voice my adamant opposition to the Republican Leadership’s privatization proposals, which would jeopardize the benefits to which are our nation’s seniors are entitled by subjecting them to the whims of the financial markets.  

I urge my colleagues to support this important legislation and to reject privatization proposals, which fail to guarantee the continuation of benefits to the most vulnerable among us.  


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