7-6-10: Recess Appointment of PBGC Director
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- Published Tuesday July 06 2010 18:04 EDT
SEN. SHERROD BROWN STATEMENT ON RECESS APPOINTMENT OF PBGC DIRECTOR
Administration Bypasses Brown’s Hold on Nomination of Pension Benefit Guaranty Corp. Director
WASHINGTON, D.C. – U.S. Sen. Sherrod Brown (D-OH) released a statement today, following the recess appointment of Joshua Gotbaum to serve as Director of the Pension Benefit Guaranty Corporation (PBGC). In May, Brown placed a hold on the nomination of Gotbaum, who has recused himself from any decision-making related to Delphi, in order to urge the Administration to bring General Motors to the table to meet the pension obligations of Delphi retirees. The Administration appointed Director Gotbaum during the Senate’s July recess in order to circumvent Brown’s hold.