"The Public Employee Pension Transparency Act [introduced by Rep. Devin Nunes, R-Calif.] would require state and local governments to file annual reports to the Treasury secretary, which would be available on a searchable website.... Mr. Nunes said in a statement that the bill, similar to ones introduced in the last two years without final action, would offer a different way to report pension obligations that currently are 'masked by accounting practices that would never be tolerated in the private sector,' and would rule out federal bailouts."  MORE >>