H. R. 397, Rehabilitation for Multiemployer Pensions Act.

Summary: This bill establishes the Pension Rehabilitation Administration within the Department of the Treasury and a related trust fund to make loans to certain multi-employer defined benefit pension plans. The bill allows the sponsor of a multi-employer pension plan that is applying for a loan under this bill to also apply to the Pension Benefit Guaranty Corporation (PBGC) for financial assistance if, after receiving the loan, the plan will still become (or remain) insolvent within the 30-year period beginning on the date of the loan. Cosponsors

ANGIE CRAIG’S POSITION:  Representative Craig cosponsored the resolution on 2/7/19.

STATUS: Introduced 1/9/19 by Rep. Neal, Richard E. [D-MA-1] . 

ORGANIZATIONS IN SUPPORT OF THE BILL:

ADDITIONAL DETAIL:

  • Link to the text of the bill.
  • Link to bill information (support and opposition) on Countable.

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