Outlook Improves for Multiemployer Reform in 2021, 2022
Democratic control of Congress could help break the deadlock over passing legislation to protect pensions and the PBGC.
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.