Congressional leadership would appoint members to Rescue Committees. (Photo: Shutterstock)
A bipartisan, bicameral bill has been introduced that would establish congressional committees tasked with advancing legislation to rescue federal trust funds headed toward insolvency.
The Time to Rescue United States' Trusts, or Trust Act, would create three separate bipartisan committees for Social Security, Medicare, and the Highway Trust Fund.
"It's irresponsible for Congress to keep ignoring a preventable crisis," said Senator Mitt Romney, R-UT, in a statement.
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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.
