H.R. 397: Rehabilitation for Multiemployer Pensions Act of 2019
CBO Score
$67.71 billion
Documentation
Date of Report
Fri September 6th, 2019
Notes
Listed costs are the same as CBO's 7/23/19 score since alternative estimates not broken out by year
CBO Report Details
Legislation Details
116th Congress
To amend the Internal Revenue Code of 1986 to create a Pension Rehabilitation Trust Fund, to establish a Pension Rehabilitation Administration within the Department of the Treasury to make loans to multiemployer defined benefit plans, and for other purposes.
Sponsor: Rep. Richard Neal — D — MA
Establishes the Pension Rehabilitation Administration within the Department of the Treasury and a related trust fund to make loans to certain multiemployer defined benefit pension plans. To receive a loan, a plan must be (1) in critical and declining status, including any plan with respect to which a suspension of benefits has been approved; (2) in critical status, have a funded percentage of less than 40%, and have a ratio of a...
JOIN US!
Sign up below to receive updates when your Members of Congress vote for new spending increases or cuts.
Lost your Password?
Don't be sad- we've got your back. Just enter your email below and instructions on resetting your password will be sent to you.
×