Sen. Brown Introduces Bill to Expand and Permanently Extend Health Coverage Tax Credit for Delphi Salaried Retirees

Sen. Brown
Sen. Rockefeller
WASHINGTON, D.C. — [2013-08-02], U.S. Sen. Sherrod Brown (D-OH), a member of the Senate Finance Committee, co-sponsored Senate Bill S.1446 with U.S. Sen. Jay Rockefeller (D-WV) to expand and permanently extend the Health Coverage Tax Credit (HCTC) for Delphi salaried retirees as a part of the Trade Adjustment Assistance (TAA) program. This important tax credit would help the Delphi workers afford health coverage after losing much of their pensions and benefits. ~~
DSRA comment: - We await developments as both Senate Bill S.1446 and recently announced House Bill H.R.2783 proceed with similar objectives.  We will update postings as more information becomes available.

Bill to Continue Health Care Tax Credit Coverage for Delphi Retirees

Rep. Ryan
Rep. Turner
Washington DC – [Mon 2013-07-22] Congressman Tim Ryan (D-OH) and Congressman Mike Turner (R-OH) introduced H.R. 2783, legislation which provides Delphi retirees and other eligible individuals the choice of continuing within the Health Coverage Tax Credit (HCTC) program past the program’s December 31, 2013 termination date or leaving the program.

Current law—enacted as part of the Affordable Care Act—terminates the HCTC program at the end of this year. H.R. 2783 extends the HCTC program for currently-enrolled participants, so long as the participants are receiving PBGC pensions and there are no breaks in their coverage.  ~~  Read more: Rep. Tim Ryan press release

Oversight Leaders Demand Delphi Pension Documents, Consider Subpoena

Chair Issa
Chair Mica
Rep. Turner



Sec. Lew
Dir. Gotbaum
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

Sen. Rob Portman, Sen. Sherrod Brown, Rep. Paul Ryan Request Update from Secretary Lew

Sen. Portman
Sen. Brown

Rep. Ryan
Sec. Lew
Senator Rob Portman (OH) followed up the recent Congressional Hearing in Dayton, Ohio, with a request on June 20 to Secretary Jack Lew for an update regarding the Treasury's review of the Delphi salaried retirees' pension situation.
Senator Sherrod Brown (OH) submitted a similar request on July 1. Congressman Paul Ryan (WI) submitted a request to Secretary Lew on July 24 requesting a response, and requesting that all documents be provided to the Delphi salaried retirees.