Alexander Votes to Confirm Gordon Hartogensis as Director of the Pension Benefit Guaranty Corporation
Posted on May 1, 2019
Says Hartogensis’ long background in financial planning and entrepreneurship make him well-qualified to lead the PBGC
WASHINGTON, April 30, 2019 — United States Senator Lamar Alexander (R-Tenn.) today released the following statement after the Senate confirmed Gordon Hartogensis to be Director of the Pension Benefit Guaranty Corporation (PBGC):
“Gordon Hartogensis’ long background in financial planning and entrepreneurship make him well-qualified to lead the PBGC. While the PBGC faces significant financial challenges, including a multiemployer pension insurance program that will be insolvent in 2025, Senate Democrats held up Mr. Hartogensis’ confirmation for almost a year. Now that the Senate has confirmed his nomination, I have no doubt Mr. Hartogensis will be successful in leading the agency that insures private-sector defined benefit pension plans.”
President Trump first nominated Mr. Hartogensis on May 15, 2018. The Senate Finance Committee held his nomination hearing on September 27, 2018, and on November 15, 2018, he was favorably reported out of committee by a bipartisan vote of 25-2, including the support from Ranking Member Wyden. The Senate Health, Education, Labor and Pensions (HELP) committee, which Alexander chairs, voted to approve Mr. Hartogensis’s nomination on November 29, 2018.
Despite the approval of two committees, Mr. Hartogensis’s nomination was returned to the President at the end of the 115th Congress. In the 116th Congress, the Finance Committee again approved his nomination on March 26, 2019, and the HELP committee again approved him on April 9, 2019.