On the recordOctober 15, 2019
if I could respond briefly to the Senator from Iowa, the reason for my request, as far as its being urgent, is that we are on the cusp of having one major coal company go bankrupt. As we speak right now, it is out there trying to restructure, but if it declares bankruptcy, our timetable on our miners' pensions moves from 2022 to 2020. If the miners go down first, it will create a whole tumbling effect with the others. This one can keep us from going into insolvency with the PBGC. All we are trying to do is to prevent that from happening because this is going to move very quickly, unfortunately, if this one large coal company goes bankrupt. That is why I brought it to the floor today, sir, with all due respect. I hope the Senator and I will talk some more about this and that he will understand the gravity of what we are dealing with because it is really concerning to me right now. I thank the Senator.
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