Call to arms; BENCHMARK BATTLE: Employers lobby over Treasury proposal.(News)

Pensions & Investments, June, 2003

Byline: Vineeta Anand WASHINGTON - Corporate America is waging a take-no-prisoners-style lobbying campaign to avert a Treasury Department proposal that could require many of the nation's top companies to report higher pension liabilities and shovel more money into their pension plans. The Treasury Department, which has informally discussed its views with lawmakers, is expected to present a formal legislative proposal to Capitol Hill by early July.

Organizations representing employers have enlisted chief executive officers of some of the nation's largest corporations to lobby Treasury Secretary John Snow and the White House directly. They also will present their case to key lawmakers on Capitol Hill, many of whom are openly sympathetic toward them. By...

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