Tag: Butch Lewis Act
However, Senate Majority Leader Mitch McConnell has objected to providing funds to fix pension issues.
Democratic-led bill faces stiff opposition from Republicans.
Butch Lewis Act aims to protect hundreds of pension plans at risk of becoming insolvent.
Pension reform is expected to cost $34 billion, not $100 billion as suggested in preliminary forecast.
Committee will be comprised of six senators and six House members.