The U.S. House of Representatives today approved an amendment to a spending bill submitted by Rep. George Miller, D-Calif., that could prohibit the PBGC from spending the money necessary to take over the pension plans of United Airlines, according to a statement issued by Mr. Miller's office. The House was expected to pass the spending bill later today, according to a staffer for Mr. Miller who asked to remain anonymous. Reps. Jan Schakowsky, D-Ill., and Joseph Crowley, D-N.Y., co-sponsored the amendment.
"This vote sends a strong message to United Airlines and any other employers looking to follow United's lead: You can't just walk away from the promises you made to your workers," Mr. Miller said in the statement.
"We're studying the measure for its impact if it were to be enacted," said Gary Pastorius, a PBGC spokesman.
"Our agreement with the PBGC is, as both the agency and the bankruptcy court have agreed, necessary - a fact that no legislation can change," said Jean Medina, United spokeswoman.