ABSTRACT

H.R. 397 (116th Congress), the Rehabilitation for Multiemployer Pensions Act [Updated July 19, 2019]   [open pdf - 403KB]

From the Document: "In the 116th Congress, H.R. 397, the Rehabilitation for Multiemployer Pensions Act, would provide financial assistance to financially troubled multiemployer defined benefit (DB) pension plans that meet specified criteria. The financial assistance would consist of loans with a 30-year repayment term and, if the loan were insufficient to restore a plan to solvency, additional financial assistance. H.R. 397 has been reported out of the House Education and Labor and House Ways and Means Committees. In the 115th Congress, two nearly identical bills--H.R. 4444, the Rehabilitation for Multiemployer Pensions Act, and S. 2147, the Butch Lewis Act--were introduced in the House and Senate. A Senate version of the proposal has not been reintroduced in the 116th Congress as of July 19, 2019."

Report Number:
CRS In Focus, IF11144
Author:
Publisher:
Date:
2019-07-19
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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