Rep. John Boehner, R-Ohio, a key sponsor of pension legislation, today was elected House majority leader. He replaces Rep. Tom DeLay, R-Texas, who stepped down after being indicted on money laundering charges in Texas.
The election of Mr. Boehner is expected to speed up consideration of the pension bill, sources said. "He's going to want to fast-track this so he can get it done and focus on the rest of his responsibilities," said Brian Graff, executive director of the American Society of Pension Professionals and Actuaries. Mr. Graff anticipates House-Senate negotiations over the pension bill will be wrapped up before Congress recesses for Easter in mid-April.
Mr. Boehner's staff could not be reached for comment about who might be a likely successor to Mr. Boehner as chairman of the House Education and the Workforce Committee.