Rep. Peter King, R-NY, is throwing his support behind the ButchLewis Act of 2017, a Democrat-sponsored bill that would channelbillions of dollars to struggling multiemployer pension plans through the sale of U.S. Treasurybonds.
King, an influential lawmaker in the House on homeland securityand counter intelligence issues, is the first Republican toco-sponsor the bill, which was first introduced in the Senate bySen. Sherrod Brown, D-OH. Rep. Richard Neal, D-MA, is sponsoringthe House version.
His announcement was made beside Sen. Chuck Schumer, theminority leader in the Senate, and members of the InternationalBrotherhood of Teamsters Local 707 at the chapter’s Hempstead, LongIsland facility.
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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.
