Bipartisan Cosponsors Sign on to Multiemployer Pension Bill
Two more House members, one from each major party, on Jan. 30 joined 132 of their peers as cosponsors of the Rehabilitation for Multiemployer Pensions Act
Reps. Brian Fitzpatrick (R-PA) and Dina Titus (D-NV) signed on as cosponsors of H.R. 4444, a bill that calls for the creation of a Pension Rehabilitation Trust Fund and the establishment of a Pension Rehabilitation Administration within the Treasury Department to make loans to multiemployer defined benefit plans. Rep. Richard Neal (D-MA) introduced the bill on Nov. 16, 2017; it is now before three House committees: Education and the Workforce, Ways and Means, and Appropriations.
Fitzpatrick is the third Republican House member to become a cosponsor of the bill. The first was Rep. Peter King (R-NY)
on Jan. 2.
A related Senate version, S. 2147 or the Butch Lewis Act of 2017
, was introduced by Sen. Sherrod Brown (D-OH) on the same day that H.R. 4444 was introduced in the House. S. 2147 was referred to two Senate committees: Finance, and Banking, Housing and Urban Affairs. The latter held a hearing on the bill on Jan. 30.