S.Amdt. 980

SA 980. Mr. SANDERS (for himself and Ms. Stabenow) submitted an amendment intended to be proposed by him to the concurrent resolution S. Con. Res. 11, setting forth the congressional budget for the United States Government for fiscal year 2016 and setting forth the appropriate budgetary levels for fiscal years 2017 through 2025; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. ___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO PROTECTING THE PROMISED PENSION BENEFITS OF RETIREES IN MULTIEMPLOYER PENSION PLANS.

The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, amendments between the Houses, motions, or conference reports relating to multiemployer pension reform, which shall include restoring the anti-cutback rule so that tens of thousands of older and more vulnerable current retirees and their families are not unfairly thrown into poverty and finding additional sources of revenue for the Pension Benefit Guaranty Corporation, by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2016 through 2020 or the period of the total of fiscal years 2016 through 2025.