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Bipartisan legislation to strip PBGC revenues from federal budget moves forward

Companion legislation has been introduced in the Senate to the Pension Budget and Integrity Act around counting revenues to the Pension Benefit Guaranty Corp. within the general federal budget.

By Nick Thornton | Updated on July 18, 2016
Sen. Mike Enzi, R-WY, has introduced a bill in the U.S. Senate regarding the Pension Benefit Guaranty Corp.(AP Photo)

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.

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Nick Thornton

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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