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 2022Susan Muffley Act of 2022A bill to increase the benefits guaranteed in connection with certain pension plans, and for other purposes.
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Sponsors and Cosponsors of S 3766

R
Sherrod Brown
Ohio(Democrat)
R
Todd Young
Indiana(Republican)
R
Roger F. Wicker
Mississippi(Republican)
R
Kyrsten Sinema
Arizona(Independent)
R
Debbie Stabenow
Michigan(Democrat)
R
Charles E. Schumer
New York(Democrat)

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