,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #babf  ,,in ,,the ,,house ,,of  
,,representatives  ,april #h1 #bjai,mr4 
,babin introduced the following bill2   
which was referred to the ,committee on 
,education and ,labor1 and in addition  
to the ,committee on ,financial         
,services1 for a period to be           
subsequently determined by the ,speaker1
 in each case for consideration of such 
provisions as fall within the           
jurisdiction of the committee concerned 
,a ,,bill  ,to prohibit the ,secretary  
of the ,treasury and the ,board of      
,governors of the ,federal ,reserve     
,system from providing bailouts or other
 financial assistance to a pension plan 
of a ,state or political subdivision    
thereof1 and for other purposes4  #a4   
,short title ,this ,act may be cited as 
the ,state and ,local ,pensions         
,accountability and ,security ,act4  #b4
 ,prohibition on bailouts for ,state and
 local pension funds ,the ,secretary of 
the ,treasury and the ,board of         

,governors of the ,federal ,reserve     
,system may not provide any loan1 grant1
 or other form of financial assistance--
  7#a7 to a pension plan 7as defined    
under section #c of the ,employee       
,retirement ,income ,security ,act of   
#aigd 7#bi ,u4,s4,c4 #ajjb77 established
 or maintained by the government of any 
,state or political subdivision thereof1
 or by any agency or instrumentality of 
such a ,state or political subdivision2 
or  7#b7 to the government of any ,state
 or political subdivision thereof1 or by
 any agency or instrumentality of such a
 ,state or political subdivision1 unless
 such government1 agency1 or            
instrumentality certifies that the      
financial assistance will not be used1  
directly or indirectly1 to fund such a  
pension plan4