1. Definitions In this Act— (1) the term joint committee means the Joint Select Committee on Solvency of Multiemployer Pension Plans established under section 2(a); and (2) the term joint committee bill means a bill consisting of the proposed legislative language of the joint committee recommended in accordance with section 2(b)(2)(B)(ii) and introduced under section 4(a). 2. Establishment of Joint Select Committee (a) Establishment of joint select committee There is established a joint select committee of Congress to be known as the Joint Select Committee on Solvency of Multiemployer Pension Plans . (b) Implementation (1) Goal The goal of the joint committee is to improve the solvency of multiemployer pension plans and the Pension Benefit Guaranty Corporation. (2) Duties (A) In general The joint committee shall provide recommendations and legislative language that will significantly improve the solvency of multiemployer pension plans and the Pension Benefit Guaranty Corporation. (B) Report, recommendations, and legislative language (i) In general Not later than April 30, 2020, the joint committee shall vote on— (I) a report that contains a detailed statement of the findings, conclusions, and recommendations of the joint committee; and (II) proposed legislative language to carry out the recommendations described in subclause (I). (ii) Approval of report and legislative language (I) In general The report of the joint committee and the proposed legislative language described in clause (i) shall only be approved upon receiving the votes of— (aa) a majority of joint committee members appointed by the Speaker of the House of Representatives and the majority leader of the Senate