Sen. Alan Simpson plans to conduct hearings on the finances of the American Association of Retired Persons, with which he often disagrees.
The Wyoming Republican said the probe by his Finance subcommittee on Social Security and Family Matters will focus on the income the 33-millionmember seniors group receives from two sources: federal grants, and the royalties and fees paid by businesses that use the AARP to sell products and services ranging from Medigap policies and mobile-home insurance to credit cards, mutual funds and prescription drugs.
“People ought to know where their money comes from and what it’s used for,” Simpson said last week. He said his subcommittee’s hearings will come after Congress completes work on immigration reform.
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