Brown Announces Bipartisan House-Senate Committee to Solve Pension Crisis by Year’s End
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09 Feb Brown Announces Bipartisan House-Senate Committee to Solve Pension Crisis by Year’s End

Posted at 14:54h in Congress, Pension, Retirees Corner by

Senator Secured Guaranteed Vote on Senate Floor

U.S. Senator Sherrod Brown (D-OH) has announced the creation of a bipartisan, House and Senate Joint Select Committee tasked with solving the pension crisis threatening more 1.5 million workers and retirees nationwide. The solution the Committee produces will be guaranteed an expedited vote on the Senate floor. Brown secured the creation of the Committee as part of the overall budget compromise announced on Wednesday, February 7.

At Brown’s urging, the Committee will have instructions to report a bill by the last week of November. Brown also insisted the Committee be required to hold at least five public meetings, including the option of a field hearing outside of D.C., so members of Congress can hear directly from retirees, workers and businesses affected by the pension crisis.

Brown, an unwavering supporter of working families, has been fighting for a solution to the pension crisis for many years and recently introduced the Butch Lewis Act. The creation of the Select Committee will force both Houses of Congress to consider Brown’s proposal and produce a bipartisan solution that can be voted into law.

“Washington bailed out Wall Street, and Wall Street turned around and stole the pensions Ohioans worked for. Now Congress has responsibility to protect the pensions workers earned before it is too late,” Brown said. “While it is not the immediate solution we hoped for, this Committee will force Congress to finally treat the pension crisis with the seriousness and urgency American workers deserve.”

 

Details on the Joint-Select Committee to Solve the Pensions Crisis:

  • The Committee will be made up of 16 members to be appointed by House and Senate leaders. The members will include six Senators and six House members, equally divided between Republicans and Democrats.

  • The Committee has instructions to report a bill to solve the pension crisis by the final week of November.

  • If at least 10 members agree compromise, the solution the Committee produces will be guaranteed an expedited vote on Senate floor with no amendments.

  • The Committee will be required to hold at least five public meetings, including the option of a field hearing outside of D.C. for the Committee to hear directly from retirees, workers and businesses affected by the pension crisis.

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