,,ii #aah? ,,congress #b;d ,session ,s4 #cfhb ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,janu>y #cj1 #bjbd,mr4 ,cassidy introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,heal?1 ,education1 ,labor1 & ,p5sions ,a ,,bill ,to am5d ! ,employee ,retirem5t ,income ,security ,act ( #aigd to cl>ify ! obligation ( ! ,p5sion ,b5efit ,gu>antee ,corporation to reclaim any ov]paym5t ( special f9ancial assi/ance paym5t "u ! ,am]ican ,rescue ,plan ,act ( #bjba1 includ+ am\nts paid on behalf ( a deceas$ p>ticipant or b5efici>y1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,gho/ ,h&\ts & ,ov]paym5ts ,/op ,today ,act or ! ,,gho/ ,act4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,! ,p5sion ,b5efit ,gu>anty ,corporation has ! au?ority & responsibility to recov] taxpay] fund$ b5efits disburs$ by ! corporation 9 error1 includ+ any am\nt disburs$ to fund b5efits = p>ticipants or b5efici>ies :o are deceas$ z ( ! date ( ! disbursem5t4 7#b7 ,! ,p5sion ,b5efit ,gu>anty ,corporation is obligat$ to ensure1 ?r\gh /rong acc\nt+ processes & controls & us+ ! res\rces available 7& %\ld foll[ proc$ures recomm5d$ by ! ,(fice ( ! ,inspector ,g5]al & v]ify c5sus data = multiemploy] plans t w receive or h receiv$ special f9ancial assi/ance71 t taxpay] money is n wa/$4 7#c7 ,! ,p5sion ,b5efit ,gu>anty ,corporation is obligat$ to audit1 inve/igate1 & resolve any discrepancies 9 c5sus data = all special f9ancial assi/ance plans1 includ+ ?r\gh mat*+ data = p>ticipants & b5efici>ies to data t resides 9 ! ,social ,security ,adm9i/ration's ,dea? ,ma/] ,file4 7#d7 ,multiemploy] plans are obligat$ to remit to ! ,p5sion ,b5efit ,gu>anty ,corporation1 & ! corporation is obligat$ to take all /eps necess>y to ensure full recov]y (1 ! am\nt ( any special f9ancial assi/ance paym5t made to a multiemploy] plan z a result ( an error & ! am\nt ( any special f9ancial assi/ance paym5t attributable to any deceas$ p>ticipants or b5efici>ies1 & ! associat$ e>n+s !reon4 #c4 ,recov]y ( ov]paym5ts 7a7 ,9 g5]al ,section #dbfb ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd 7#bi ,u4,s4,c4 #aajd7 is am5d$ by add+ at ! end ! foll[+3 7o7 ,recov]y 7#a7 ,9 g5]al ,if ! corporation makes a det]m9ation t an ov]paym5t ( special f9ancial assi/ance1 includ+ an ov]paym5t ( special f9ancial assi/ance describ$ 9 p>agraph 7#b77;,a71 0 made "u ?is section1 ! applicable multiemploy] plan 7or a successor plan7 %all pay1 n lat] ?an #cj days aft] ! date ( su* det]m9ation1 to ! corporation an am\nt equal to ! total am\nt ( ov]paym5t ( special f9ancial assi/ance to ! applicable multiemploy] plan1 adju/$ by ! corporation = int]e/ 7us+ ! int]e/ rate us$ 9 det]m9+ ! am\nt ( special f9ancial assi/ance "u subsection 7e77#b77 = ! p]iod beg9n+ on ! date on :i* ! special f9ancial assi/ance 0 provid$ to su* plan & end+ on ! date t su* plan makes ! paym5t requir$ "u ?is p>agraph4 7#b7 ,recov]y 9 case ( deceas$ p>ticipant or b5efici>y 7,a7 ,det]m9ation ,n lat] ?an #de days aft] ! lat] ( ! date on :i* an audit conduct$ "u subp>agraph 7,b7 is complete or ! date on :i* ! he>+ describ$ 9 subp>agraph 7,c7 occurs1 ! corporation %all make a det]m9ation ( ! total am\nt ( special f9ancial assi/ance paid to ! applicable multiemploy] plan on behalf ( p>ticipants or b5efici>ies det]m9$ to be deceas$1 :i* %all be deem$ an ov]paym5t ( special f9ancial assi/ance4 7,b7 ,audit 7i7 ,9 g5]al ,n lat] ?an #f mon?s aft] ! date ( enactm5t ( ?is subsection or1 9 ! case ( an eligible multiemploy] plan to :i* special f9ancial assi/ance is provid$ "u ?is section aft] ! date ( enactm5t ( ?is subsection1 #f mon?s aft] ! date on :i* su* assi/ance is provid$1 ! corporation %all audit ! c5sus data ma9ta9$ by an eligible multiemploy] plan to :i* su* assi/ance 0 provid$ to det]m9e-- 7,i7 :e!r any ( su* assi/ance 0 provid$ on behalf ( a p>ticipant or b5efici>y :o 0 deceas$ z ( ! date su* assi/ance 0 provid$2 & 7,,ii7 ! total am\nt ( special f9ancial assi/ance paid to su* plan on behalf ( p>ticipants or b5efici>ies describ$ 9 subclause 7,i74 7ii7 ,process ,9 conduct+ an audit "u clause 7i71 ! corporation %all-- 7,i7 foll[ a process recomm5d$ by ! ,(fice ( ! ,inspector ,g5]al ( ! ,p5sion ,b5efit ,gu>anty ,corporation1 includ+ ! recomm5dations 9 ! :ite pap] issu$ by su* ,(fice entitl$ ,detect+ ,fraud & ,improp] ,paym5ts ,involv+ ,deceas$ ,p>ticipants & dat$ ,m>* #i1 #bjah2 & 7,,ii7 mat* c5sus data ) ! in=mation on records ( dea? ma9ta9$ by ! ,social ,security ,adm9i/ration "u section #bje7r7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dje7r774 7iii7 ,review ,! ,(fice ( ! ,inspector ,g5]al ( ! ,p5sion ,b5efit ,gu>anty ,corporation %all review an audit conduct$ "u clause 7i7 prior to su* audit be+ provid$ to an eligible multiemploy] plan "u p>agraph 7,c74 7,c7 ,he>+ 7i7 ,notice ,n lat] ?an #aj days aft] ! completion ( an audit "u subp>agraph 7,b71 ! corporation %all provide to ! eligible multiemploy] plan 7or a successor plan7 ! foll[+ in=mation3 7,i7 ,a li/ ( p>ticipants or b5efici>ies on behalf ( :om assi/ance 0 provid$ z describ$ 9 subp>agraph 7,b77i77,i74 7,,ii7 ,! total am\nt ( f9ancial assi/ance paid z describ$ 9 subp>agraph 7,b77i77,,ii74 7ii7 ,he>+ ,! corporation %all provide an eligible employ] plan ) ! opportunity = a he>+-- 7,i7 :i* %all1 unless ext5uat+ circum/ances 7z det]m9$ by ! corporation7 exi/1 occur n lat] ?an #fj days aft] ! in=mation describ$ 9 clause 7i7 is provid$ to ! plan2 & 7,,ii7 at :i* su* plan may demon/rate t a p>ticipant or b5efici>y is alive4 7#c7 ,transf] to g5]al fund ,any am\nt paid "u p>agraph 7#a71 or any o!r paym5t t repres5ts a volunt>y return ( a special f9ancial assi/ance paym5t1 %all be transf]r$ to ! g5]al fund ( ! ,treasury4 7p7 ,paym5ts f applicable multiemploy] plans ,! corporation %all accept any paym5t 7includ+ a paym5t requir$ "u subsection 7o77#a77 made to su* corporation by an eligible multiemploy] plan4 4 7b7 ,effective date ,! am5dm5ts made by ?is section %all apply ) respect to ov]paym5ts ( special f9ancial assi/ance "u section #dbfb ( ! ,employm5t ,retirem5t ,income ,security ,act 7#bi ,u4,s4,c4 #aajd7 occurr+ be=e1 on1 or aft] ! date ( enactm5t ( ?is ,act4