Susan Muffley Act of 2023

Hozzl · 2024-01-18T09:02:34Z

Explore the details of House Bill 735 Susan Muffley Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Labor and Employment. Stay informed on legislative developments.

1/18/2024, 9:02 AM

Congressional Summary of HR 735

Susan Muffley Act of 2023

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.

Read the Full Bill

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Current Status of Bill HR 735

Bill HR 735 is currently in the status of Bill Introduced since February 1, 2023. Bill HR 735 was introduced during Congress 118 and was introduced to the House on February 1, 2023. Bill HR 735's most recent activity was Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of February 1, 2023

Bipartisan Support of Bill HR 735

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 735

Primary Policy Focus

Labor and Employment

Alternate Title(s) of Bill HR 735

Susan Muffley Act of 2023Susan Muffley Act of 2023To increase the benefits guaranteed in connection with certain pension plans, and for other purposes.

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Comments

Sponsors and Cosponsors of HR 735

Michael R. Turner

Ohio(Republican)

Bill Johnson

Ohio(Republican)

Latest Bills

Susan Muffley Act of 2023

Congressional Summary of HR 735

Read the Full Bill

Current Status of Bill HR 735

Bipartisan Support of Bill HR 735

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 735

Primary Policy Focus

Alternate Title(s) of Bill HR 735

Comments

Sponsors and Cosponsors of HR 735

Michael R. Turner

Bill Johnson

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