HR 7135
GHOST Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The GHOST Act aims to clarify how the Pension Benefit Guaranty Corporation (PBGC) recovers overpayments of financial assistance provided under the American Rescue Plan Act of 2021. Specifically, it strengthens the PBGC’s ability to identify and reclaim funds mistakenly disbursed, particularly for deceased participants or beneficiaries, by requiring audits and data matching with the Social Security Administration’s Death Master File. The bill mandates that multiemployer plans promptly repay these overpayments and directs funds to the general fund of the Treasury.
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