An amendment to require the Secretary of Defense to modify contracts with the LTV company to insure that any purchase of a division of the LTV company would include the assumption by the buyer of the company's current obligations to its retired workers.

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Amendment Number
579
Description
An amendment to require the Secretary of Defense to modify contracts with the LTV company to insure that any purchase of a division of the LTV company would include the assumption by the buyer of the company's current obligations to its retired workers.
Purpose
Amendment ensures that any purchaser of the LTV Aerospace and Defense Company shall agree to assume, to the extent required under any collective bargaining agreement entered into by LTV Aerospace, all liabilities relating to retirement, health, life insurance, and pension benefits payable to retired employees of LTV Aerospace.
Congress
102
Type
HAMDT
Latest Action Date
Jun 3, 1992
Latest Action Text
On agreeing to the Frost amendment (A005) Agreed to by voice vote.
Latest Action Time
20:44:08
Submitted Date
Jun 3, 1992
Chamber
House of Representatives
Update Date
Jul 10, 2021
Amendment 579 — Informed