Companion legislation has been introduced in the U.S. Senate to a bill that would prohibit Congress from counting revenues to the Pension Benefit Guaranty Corp. within the general federal budget.
In April, Rep. James Renacci, R-OH, introduced the Pension Budget and Integrity Act of 2016, which has since garnered considerable bipartisan support: 10 Democrats are among the bill’s 19 co-sponsors, according to Congress.gov.
Related: Borrowing to fund pensions
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