3.0.0 1544 2023-01-11T13:18:13Z 2023-01-11T13:18:13Z Senate S S 2009-07-30 111 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2009-07-30T20:13:11Z 2009-07-30 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2009-07-30 Introduced in Senate IntroReferral 10000 9 Library of Congress K000305 Sen. Kohl, Herb [D-WI] HERBERT KOHL D WI H. N B001267 Sen. Bennet, Michael F. [D-CO] Michael Bennet D CO 2009-07-30 True M001170 Sen. McCaskill, Claire [D-MO] Claire McCaskill D MO 2009-07-30 True F000061 Sen. Feingold, Russell D. [D-WI] RUSSELL FEINGOLD D WI D. 2009-07-30 True Labor and Employment Advisory bodies Employee benefits and pensions Government corporations and government-sponsored enterprises Government ethics and transparency, public corruption Pension Benefit Guaranty Corporation Labor and Employment 00 2009-07-30 Introduced in Senate 2009-11-04T21:51:05Z Pension Benefit Guaranty Corporation Governance Improvement Act of 2009 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to revise requirements regarding the composition and duties of members of the board of directors of the Pension Benefit Guaranty Corporation (PBGC).

Requires: (1) the board to meet at least four times a year with a quorum of at least five members; and (2) board minutes be made public.

Requires the advisory committee to the PBGC to meet jointly with the board at least one time each year.

Requires the Director and members of the board of the PBGC to agree in writing to recuse themselves from participation in activities which potentially could be a conflict of interest.

Expresses the sense of Congress that: (1) the board should form committees, including an audit committee and an investment committee, to enhance the PBGC board's overall effectiveness; and (2) the PBGC should establish a risk management position that evaluates and mitigates risk it might experience.

]]> Pension Benefit Guaranty Corporation Governance Improvement Act of 2009 Display Title Pension Benefit Guaranty Corporation Governance Improvement Act of 2009 Official Title as Introduced A bill to amend the Employee Retirement Income Security Act of 1974 with respect to the composition of the board of directors of the Pension Benefit Guaranty Corporation, and for other purposes. Introduced in Senate IS Short Titles as Introduced Pension Benefit Guaranty Corporation Governance Improvement Act of 2009 Introduced in Senate 2009-07-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s1544is/xml/BILLS-111s1544is.xml 2009-07-30 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.