Delphi Retirees Pension Restoration Act

# Delphi Retirees Pension Restoration Act (HR 1895) - Plain Language Summary **What It Would Do:** This bill would restore pension benefits to retired workers from Delphi Corporation, an automotive parts supplier. Delphi retirees saw their pensions significantly cut in 2009 when the company went through bankruptcy during the financial crisis. The bill seeks to make up for those lost benefits, essentially returning retirees to their original pension levels. **Who It Affects:** The legislation directly impacts thousands of Delphi retirees who lost substantial portions of their pensions. It could also set a precedent for how similar pension losses are handled in other corporate bankruptcies.

The bill involves federal oversight of pension matters and potentially federal trust funds, meaning taxpayers could be affected depending on how benefits are funded. **Current Status:** As of now, HR 1895 is in committee and has not yet been voted on by the full House. The bill was introduced by Representative Victoria Spartz (R-IN) in the 119th Congress. Like many bills in committee, it faces an uncertain path to passage and would need committee approval and House support to move forward.