
IRS Proposes Regulations to Codify Stock Buyback Tax
Stock buybacks valued at under $1 million would not be subject to the tax.
The plan reached a settlement with DOJ on Monday that will clear its debt with the PBGC.
The independent committee needs representatives of pensions and mutual funds to bolster investor protection.
The giant pension fund has a history of pushing for environment-oriented goals.
In addition to that update at a subcommittee hearing, House Republicans suggested the PBGC cut premiums for its single-employer program.