Legislative Background
Recent Action on Pension Reform
The bankruptcy of the Enron Corporation and the resulting losses in employee retirement savings have raised new questions and concerns in Congress about the laws and regulations governing private pension plans. The House and Senate have held at least 25 sets of hearings on the Enron collapse and its implications for workers’ retirement security. House Legislation. On April 11, the House held the first floor vote in Congress to result from the Enron situation. The vote was on H.R. 3762, the Pension Security Act, sponsored by Representative John Boehner (OH-R), Chairman of the House Committee on Education and the Workforce….