OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Pension Protection Act of 2006

Date: Aug. 3, 2006
Location: Washington, DC
Issues: Employment and Affirmative Action


PENSION PROTECTION ACT OF 2006 -- (Senate - August 03, 2006)

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Mr. CORNYN. I join my colleagues from Ohio and the senior Senator from Texas in their comments regarding H.R. 4, the Pension Protection Act. While providing the airline industry with relief, this bill does so unevenly and undercuts the ability of Continental Airlines and American Airlines to compete in a global economy. These Texas airlines have neither frozen their pension plans nor filed for bankruptcy. As Senator VOINOVICH stated, the airline industry operates on thin profit margins and disadvantaging two profitable airlines has ramifications not only for the airline industry, but also for consumers and airline employees. I believe it is crucial that Congress revisits this issue and provides more equitable relief for all airlines and not just a few.

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