S.2919 - PBGC Confirmation Act of 2006109th Congress (2005-2006)
Summary: S.2919 — 109th Congress (2005-2006)
Introduced in Senate (05/22/2006)
PBGC Confirmation Act of 2006 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to replace the chairman of the board of directors with a Director to head the Pension Benefit Guaranty Corporation. Requires the Director to be approved by the Senate. Gives joint jurisdiction over the nomination to the Committee on Finance and the Committee on Health, Education, Labor, and Pensions.
Amends the Internal Revenue Code to revise the penalty for failure to file an actuarial report for defined benefit plans other than multi-employer plans.