Skip to main content
S 1544 111th Congress Senate

Pension Benefit Guaranty Corporation Governance Improvement Act of 2009

Official title: 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: July 30, 2009 See on congress.gov
Labor and Employment Advisory bodiesEmployee benefits and pensionsGovernment corporations and government-sponsored enterprisesGovernment ethics and transparency, public corruptionPension Benefit Guaranty Corporation
Sign in to write a letter Sign in to watch
This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 30, 2009
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Jul 30, 2009
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action July 30, 2009

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Bennet, Michael F.
Colorado · Jul 30, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1544: Pension Benefit Guaranty Corporation Governance Improvement Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-S-1544/
MLA
"S. 1544: Pension Benefit Guaranty Corporation Governance Improvement Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-1544/.
Bluebook (legal)
S. 1544, 111th Cong. (2026), https://openamerica.io/bill/111-S-1544/.
Markdown link
[S. 1544: Pension Benefit Guaranty Corporation Governance Improvement Act of 2009](https://openamerica.io/bill/111-S-1544/)
Report a problem