U.S. Chamber Applauds Senate Action to Protect Pension Plans for American Families & Businesses

Looks Forward to Congress Passing Final Bill

WASHINGTON, D.C. — Bruce Josten, executive vice president for government affairs at the U.S. Chamber of Commerce, made the following statement regarding H. R. 3361, "The Worker, Retiree, and Employer Recovery Act of 2008," which is expected to be considered by the full Senate today.

"The Chamber applauds the Senate for reaching bipartisan compromise to address several issues confronting businesses and the pension plans they fund," said Josten. "This agreement is an important first step to help ensure the viability of pensions and the companies that provide them during the current troubling economic times. We call on Congress to approve this measure, and President Bush to sign it into law."

The U.S. Chamber is the world's largest business federation representing more than 3 million businesses and organizations of every size, sector, and region.

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