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" ... But the drafters added some new twists. One impetus for the Common Core was the recognition that many American students weren’t able to understand the kind of text they were expected to read in high school and beyond. So the standards called for all students to read at least some text on or above their “grade level,” as opposed to the standard practice of limiting students to texts at “individual” levels that are often far lower. And, in tacit recognition of the need to build knowledge, the standards call for more nonfiction. At the elementary level, where students have traditionally received a steady diet of fiction, 50% of reading is to be nonfiction. ... "
" ... But there’s another change that’s substantial. In the prior, HEROES Act version, the drafters maintained the concept of the “partition,” shifting liabilities for a portion of an at-risk pension to the PBGC and funneling extra funds there to be able to make those payments; to be sure, that version had planned to increase the maximum benefit substantially in order to protect retirees from benefit cuts, but the structure remained somewhat similar. The new proposal simply sends cash to eligible ailing multiemployer plans directly. ... "
" ... In fact, one item in the legislation that had seemed peculiar to me in my first read-through was the degree to which assumption-setting, or changes in assumption-setting, are restricted, and, it turns out, this is not, as is typically the case, a matter of ensuring that plans don’t create overly-rosy financial pictures, but that, instead, the plans which qualify for this money will benefit so substantially that drafters were concerned about somewhat-less-troubled plans seeking to appear worse-off in order to qualify. The fact that it was necessary to institute these provisions is itself an indicator that the plan was cobbled together without the degree of fine-tuning it ought to have had. ... "
" ... The fact is that laws are not static, but evolve as new issues — and often flaws in the laws as drafted — are identified, and the courts make rulings commensurate with how they believe the laws were intended to work. Often the courts correctly identify the intent of the drafters and all is swell, but not infrequently the courts will sometimes issue rulings that go off the rails, and in that case the drafters have to step back in and through amendments get the train running in the right direction again. That is largely the purpose of this drafting committee: Identify those areas where the courts have struggled or gone off the rails and get their rulings back on the right track. Additionally, the drafting committee will have to examine the enactments of ULLCA by the states and explore why certain states have adopted particular non-uniform provisions. ... "
" ... You get the point: People can use shell companies for bad things. The challenge for the Corporate Transparency Act’s drafters was to require disclosure for the nefarious purposes, while allowing degrees of opacity for more mundane matters. ... "