S.2147/H.R.4444 is a bill in review to help protect our Pension Funds.
If passed this legislation will establish a new agency within the U.S. Treasury Department called the Pension Rehabilitation Administration (PRA). Call 888-979-9806, put in your Zip Code and be connected to your local Representative. Use the above Bill Number and tell them to support this legislation!
Sample Letter you can send to your representatives
Dear Senator or Representative,
Right now, multiemployer pension plans in this country are struggling to provide the benefits that workers earned over years of dedication to their employers. S.2147/H.R.4444, The Butch Lewis Act of 2017, introduced by Senator Sherrod Brown and Representative Richard Neal would help this situation by providing loans to the troubled plans.
This legislation would establish a new agency within the U.S. Treasury Department called the Pension Rehabilitation Administration (PRA). The PRA would sell Treasury-issued bonds in the open market to large investors and then loan the money from these sales to pension plans in financial distress. The Butch-Lewis Act of 2017 is our best path forward toward addressing the growing pension crisis in this country.
While we would certainly welcome your co-sponsorship, it is of vital importance that this bill pass. To make this happen, I ask you to protect your constituents by urging leadership to include the Butch Lewis Act on the agenda for the omnibus spending bill and to speak out publicly about the positive impact that this legislation will have in your district.