Political Quotes

“today I am introducing the Prioritizing Our Workers Act, which will make changes to the current bankruptcy code, requiring companies going through bankruptcy proceedings to pay unpaid vested benefits, like workers' pensions, before they pay out other claims against them. I firmly believe that no one should be denied their pension because their employer goes bankrupt. Hard-working men and women across the country go to work every day for years, paying into these pension plans each paycheck with the expectation that one day they can retire and provide for their families. Companies offering pension plans made promises to their workers and need to live up to those promises, no matter what else happens to that company financially. In West Virginia, we are far too familiar with coal and steel companies leaving their workers out to dry in this way. This is absolutely unacceptable. That is why I am introducing this bill, and I look forward to my fellow Senators joining me to support and protect pensions across this country. ______ By Mr. UDALL (for himself and Mr. Wyden): S. 1488. A bill to improve the integrity and safety of interstate horseracing, and for other purposes; to the Committee on Commerce, Science, and Transportation.”