November 21, 2008
Q: Are congressional Democrats talking about confiscating IRA and 401(k) investment accounts?
A: No. There's no plan to seize these accounts. One House witness at a committee hearing proposed to allow some people to trade their old accounts for a new type that would be less risky.
Q: Can a convicted felon serve in elected office?
A: The Constitution allows a convicted felon, such as Alaska Sen. Ted Stevens, to be a member of Congress, even if in prison. It's up to the Senate or House to decide who may serve. As for state offices, different laws apply in different places.
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