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Susan Muffley Act of 2022

12/29/2022, 10:33 PM

Congressional Summary of S 3766

Susan Muffley Act of 2022

This bill restores the full vested monthly benefits for eligible participants of certain pension plans that were sponsored by Delphi Corporation and terminated as a result of General Motors' bankruptcy in 2009.

The Pension Benefit Guaranty Corporation (PBGC) must recalculate and adjust each plan participant's monthly benefits payment. The PBGC must also apply the recalculation to previously-made monthly payments and make a lump-sum payment for any additional benefits based on the recalculation.

The bill establishes and provides appropriations to a fund for the payment of these benefits and specifies how the lump-sum payments are treated for tax purposes.

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Current Status of Bill S 3766

Bill S 3766 is currently in the status of Bill Introduced since March 7, 2022. Bill S 3766 was introduced during Congress 117 and was introduced to the Senate on March 7, 2022.  Bill S 3766's most recent activity was Read twice and referred to the Committee on Finance. as of March 7, 2022

Bipartisan Support of Bill S 3766

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
11
Democrat Cosponsors
7
Republican Cosponsors
4
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3766

Primary Policy Focus

Labor and Employment

Alternate Title(s) of Bill S 3766

Susan Muffley Act of 2022
Susan Muffley Act of 2022
A bill to increase the benefits guaranteed in connection with certain pension plans, and for other purposes.

Comments

Sponsors and Cosponsors of S 3766

Sherrod Brown
Sherrod Brown
OhioDemocrat
Todd Young
Todd Young
IndianaRepublican
Roger F. Wicker
Roger F. Wicker
MississippiRepublican
Kyrsten Sinema
Kyrsten Sinema
ArizonaIndependent
Debbie Stabenow
Debbie Stabenow
MichiganDemocrat
Charles E. Schumer
Charles E. Schumer
New YorkDemocrat

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