Contentious Pension Bill Clears Another Hurdle

Law360, New York (August 4, 2006, 12:00 AM EDT) -- Taking a page from the U.S. House of Representatives, the U.S. Senate has passed a sweeping overhaul of U.S. pension laws, shooting the bill straight to President Bush’s desk for approval.

The Senate overwhelmingly endorsed the Pension Reform Act of 2006 on Thursday, with 93 members voting in favor of the measure before breaking for a month-long summer recess.

The passage came only days after the U.S. House of Representatives approved the measure by a vote of 279-131, marking the end of months of tense negotiations....
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.