Grassley, Kennedy, Baucus, Enzi call for further investigation of PBGC contract awards
WASHINGTON --- Four U.S. senators have asked the Inspector General for the Pension Benefit Guaranty Corporation to continue investigating the corporation’s former director, based on findings reported in a draft Inspector General report made public today.
The draft report indicates possible interference in contracting decisions by the former director in awarding a total of $2.5 billion in assets held by the PBGC for real estate equity and private equity investments. The draft report is posted with this news release at http://finance.senate.gov and http://help.senate.gov.
The letter urging further investigation was signed by Senators Edward M. Kennedy of Massachusetts, Max Baucus of Montana, Charles E. Grassley of Iowa, and Michael Enzi of Wyoming. The senators have conducted oversight of the PBGC in their positions as Chairmen and Ranking Members of the Senate committees on Finance and Health, Education, Labor, and Pensions. The text of the letter is attached in a Printer-Friendly Version.
###
Next Article Previous Article
Recent News
- Wyden Statement at Finance Committee Vote on RFK Jr.'s Nomination to be HHS Secretary
- Wyden: Trump Tariffs Will Make Everything More Expensive, Solve Zero Problems and Harm American Farmers and Small Businesses
- Wyden Slams RFK Jr.'s Failure to Answer Basic Questions on Vaccines
- Wyden Demands Answers Following Report of Musk Personnel Seeking Access to Highly Sensitive U.S. Treasury Payments System
- Wyden, Finance Democrats Press RFK Jr. to Reject Big Pharma Pause on Medicare Negotiation