Oversight Leaders Demand Delphi Pension Documents, Consider Subpoena

Chair Issa
Chair Mica
Rep. Turner

 

 

Sec. Lew
Treasury
Dir. Gotbaum
PBGC
WASHINGTON – [Mon 2013-07-22] leaders on the House Oversight and Government Reform Committee pressed Treasury Secretary Jacob Lew to release documents related to the Delphi pension scandal and raised the possibility of using the compulsory process if the long-sought documents are not finally produced by August 5th.
 
Committee Chairman Darrell Issa (R-Calif.), Subcommittee Chairman John Mica (R-Fla.) and senior Committee member Mike Turner (R-Ohio) sent letters to Secretary Lew and Josh Gotbaum, Director of the Pension Benefit Guaranty Corporation, seeking documents related to the preferential treatment Delphi’s unionized employees received during the taxpayer-funded bailout of General Motors in 2008.
 
“Now is the time for the Treasury Department and the Pension Benefit Guaranty Corporation to stop stonewalling the Committee’s legitimate requests,” said Chairman John Mica, R-Fla. “We will take whatever steps necessary to uncover all the facts and to expose how the TARP union bailout transpired.”   ~~ Read more – Committee press release