BLA Passes the House

The House passed the H.R. 397 legislation Wednesday in a 264-169 vote aimed a helping stabilize multiemployer pension plans in hopes of mitigating the looming pension crisis.

Importantly, twenty-nine Republicans — nine of whom co-sponsored the legislation — joined Democrats in voting for the measure.

Getting this legislation through the Republican-controlled Senate will be the next and most challenging hurdle. Stay tuned.

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