Neal Applauds House Passage of Multiemployer Pension Legislation
WASHINGTON, DC – Today, Ways and Means Committee Chairman Richard E. Neal (D-MA) issued the following statement after the House of Representatives passed H.R.397, the Rehabilitation for Multiemployer Pensions Act, legislation also known as the Butch Lewis Act:
“With 1.3 million workers and retirees in multiemployer plans that are quickly running out of money, we are in the midst of a crisis. The Butch Lewis Act is the first piece of legislation I introduced as Chairman of the Ways and Means Committee precisely because of the urgency of this problem. Now, after years of inaction, Congress has finally made progress to protect hardworking Americans who planned for their retirements, forgoing pay raises to save for their futures.
“Today, the House worked as it should – we passed a good piece of legislation with bipartisan support. It’s now time for the Senate to step up and do what’s right for men and women who played by the rules their whole careers, who deserve to receive the savings they earned.”