in all, pbgc is expected to send money to over 250 pension plans. pbgc has confirmed what we knew to be true but others refused to admit, arpa's taxpayer-funded bailout will not fix a thing. in september, the agency stated the massive influx of taxpayer dollars will only delay the immediate insolvency of the multiemployer insurance program and insolvency is still likely. simply throwing money at plans will not solve the problem. arpa failed to address the underlying structural issues in the multiemployer system that contributed to the crisis. thus, ensuring that plan mismanagement and underfunding will persist. in fact, arpa includes a galling provision that explicitly bars pbgc from reforming plan governance or altering plan funding rules of plans receiving a bailout. it is clear to me that the mismanagement of multiemployer plans and the risks they pose to workers, retirees, and the taxpayer cannot be ignored. congress must require multiemployer plans to measure their liabilities accurately and collect adequate contributions to fund benefits. fail

subset of employees were really singled out and suffered draconian cuts to their pensions under the pbgc management. some of them losing 70% of their pensions, 20,000 of these retirees affected, thousands of whom i represent. i've introduce bipartisan legislation and bicameral legislation, along with senator sherrod brown in ohio i would restore the benefits of the delphi salaried retirees. i know president biden has indicated that he supports finding a remedy for these retirees. side like to ask if you have thoughts or could articulate what the administration position may be on the legislation that we've introduced, bipartisan, bicameral and a way to address this issue? >> so first of all let me say i know this is an issue that's been difficult to resolve, around for a long time, and the issues are complicated, strong support attempting to find a legislative solution. i'm glad to have my staff look at the legislation that you propose to give you a reaction and tried to be helpful. we certainly support a legislative solution. >> i do appreciate that. i know we have made an effort to try