Issa Subpoenas Treasury for Documents on Delphi Pension Deal

Published: Aug 9, 2013

WASHINGTON – House Oversight and Government Reform Committee Chairman Darrell Issa, R-Calif., today subpoenaed Treasury Secretary Jacob Lew for information related to the Committee’s investigation into the preferential treatment afforded to Delphi’s unionized employees during the bankruptcy and taxpayer-funded bailout of General Motors.

“Taxpayers deserve the full truth about how decisions were made to use their money in an Administration effort that resulted in protecting generous pensions for unionized Delphi employees while greatly diminishing benefits for non-unionized employees,” Chairman Issa, Subcommittee Chairman John Mica, R-Fla., and Rep. Michael Turner, R-Ohio, who have been leading the investigation noted in a letter to Lew. “Nearly a year after the Committee’s last request, the Department still had not fully responded; the Department instead provided only a fraction of the responsive documents.”

A July 23, 2013 letter to Lew outlined earlier requests sent on January 13, 2010, August 8, 2011 and September 27, 2012 to Lew’s predecessor. The Subcommittee on Government Operations held a field hearing on the Delphi pension bailout on June 10, 2013.

The subpoena issued today requests all records and communications referring or relating to retirement or pension benefits for General Motors Company and/or Delphi Corporation employees, sent or received by any employee of the U.S. Department of the Treasury, to or from:

  1. any employee of the President’s Automotive Task Force;
  2. any employee of the United Auto Workers;
  3. any employee of the Pension Benefit Guaranty Corporation;
  4. any employee of General Motors Company;
  5. any employee of Delphi Corporation;
  6. any employee of DPH Holdings Corporation; or,
  7. any Public Official.