Debbie Wasserman Schultz And The Crisis in Workers’ Retirement Funds

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2. It's likely I would vote for this bill

It's likely that I would have voted for this bill, too. If a pension fund is insolvent, there should be a mechanism for it to seek relief as it approaches complete insolvency. The statute has that weird provision that compels Treasury to evaluate applicants and to determine that the relief they are asking for will be enough to stabilize the fund, though. Do I really want Treasury imposing austerity in this heavy-handed manner? I could possibly be talked out of voting for this bill, if I had been in Congress.

I guess I'm just not seeing how the Multiemployer Pension Reform Act would have been an automatic "nay" on its own merits.