Orrin Hatch: “Reserving the right to object, Mr. President, the legislation in question makes a significant change to the pension…”

“Reserving the right to object, Mr. President, the legislation in question makes a significant change to the pension funding rule, but it is narrowly written to only address issues concerning a single retirement plan. There are a number of companies that have similar funding issues which are not addressed by my colleague's proposal. I appreciate the work that my colleague Senator Murray has done on this issue, and I appreciate that there is ongoing bipartisan work on issues that her legislation addresses as well as on other issues surrounding retirement plans. The committees with jurisdiction over these issues, including the Finance Committee, continue to work on bipartisan solutions that have not fully vetted the matter that my friend Senator Murray is putting forth today. Until they do so, it is not appropriate to move this measure forward. Therefore, I respectfully object to this unanimous consent request. The PRESIDING OFFICER. Objection is heard. The President pro tempore.”