3.0.0 3544 2019-02-20T23:43:33Z 2019-02-24T02:23:33Z Senate S S 2012-09-13 112 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2012-09-13T21:08:26Z Delphi Pensions Restoration Act of 2012 112 6404 HR 2012-09-13 Referred to the Committee on Financial Services, and in addition to the Committee on Education and the Workforce, 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. Identical bill CRS 2012-09-13 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2012-09-13 Introduced in Senate IntroReferral 10000 9 Library of Congress B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH N S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2012-09-13 True S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2012-09-13 True Finance and Financial Sector Corporate finance and management Employee benefits and pensions Financial crises and stabilization Government trust funds Motor vehicles Securities Finance and Financial Sector 00 2012-09-13 Introduced in Senate 2012-10-16T15:03:49Z Delphi Pensions Restoration Act of 2012 - Amends the Emergency Economic Stabilization Act of 2008 to require transfer to the Delphi Retired Employees Fund of all proceeds from the sale or transfer, after enactment of this Act, of any stock, warrant, or financial instrument acquired by the Secretary of the Treasury in connection with providing financial assistance to the General Motors Corporation (GM).

Establishes the Delphi Retired Employees Fund in the Treasury for payments to eligible employees separated from Delphi Corporation who participated in a now terminated Delphi-sponsored defined benefit plan, but who are not covered by any agreement between GM and participants in another defined benefit plan under which GM pays covered participants nonforfeitable benefits equal to the amount they would have been entitled to receive under the plan but for the plan's termination.

Makes the Fund available to pay each eligible separated employee an amount equal to such nonforfeitable benefits, reduced by any amounts already paid the employee by the Pension Benefit Guaranty Corporation (PBGC) under the Employee Retirement Security Act of 1974 (ERISA).

]]> Delphi Pensions Restoration Act of 2012 Short Titles as Introduced Delphi Pensions Restoration Act of 2012 Display Title Delphi Pensions Restoration Act of 2012 Official Title as Introduced A bill to make available funds from the Emergency Economic Stabilization Act of 2008 for funding pension benefits with respect to former employees of Delphi Corporation. Introduced in Senate 2012-09-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s3544is/xml/BILLS-112s3544is.xml 2012-09-13 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.