Introduced by Rep. RichardNeal, D-MA, the newly minted chair of the House Ways and MeansCommittee, the Rehabilitation for Multiemployer Pensions Act has atotal of 10 sponsors, 5 from each party. (Photo:Shutterstock)

In its first action in the 116th Congress, the House Ways andMeans Committee introduced a bipartisan bill that would channelloans to collectively bargained pensions destined forinsolvency.

Introduced by Rep. Richard Neal, D-MA, the newly minted chair ofthe House Ways and Means Committee, the Rehabilitation forMultiemployer Pensions Act has a total of 10 sponsors, five fromeach party.

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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.