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PSCA Executive Reports

November 30, 2018

PBGC Director Nomination

On November 15, the Senate Finance Committee advanced the nomination of Gordon Hartogensis to lead the PBGC. The Committee’s approval of the nomination makes it increasingly likely that Mr. Hartogensis will be confirmed by the Senate this year. If confirmed, Mr. Hartogensis would replace Tom Reeder, who has served as PBGC Director since 2015. The Senate Finance Committee advanced Mr. Hartogensis’ nomination on a bipartisan basis with only Senators Debbie Stabenow (D-MI) and Bob Menendez (D-NJ) voting in opposition. The Senate Health, Education, Labor, and Pensions Committee, which shares jurisdiction over the PBGC with the Finance Committee, will consider the nomination on Thursday, November 29.

Senate leadership has not yet scheduled a floor vote on Mr. Hartogensis’ nomination. However, it is likely that the Senate will consider the nomination in the lame duck session as Mr. Hartogensis has the strong backing of Majority Leader Mitch McConnell (R-KY), his brother-in-law.

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