First of all, let's take the car benefit of $4,500. If it is necessary for medicine or for daily use or for their job, they could own a Rolls Royce according to our bill. But the fact of the matter is, no car would be taken from them. Now, if it isn't essential for that, then it would be limited to $4,500.
Discussing the car benefit provision in a legislative bill.
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The Congressional Budget Office projects that the PBGC's multiemployer insurance system will exceed resources available to pay claims by $45 billion.
the Finance Committee has worked with the Treasury Department to ensure proper responsiveness to committee inquiries. We are continuing to review these matters to determine what further oversight is required.
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