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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Rehabilitation for Multiemployer Pensions Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

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.


Actions Overview (1)

Date
01/09/2019Introduced in House

All Actions (4)

Date
01/09/2019Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Action By: House of Representatives
01/09/2019Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Action By: House of Representatives
01/09/2019Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Action By: House of Representatives
01/09/2019Introduced in House
Action By: House of Representatives

Cosponsors (125)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. King, Peter T. [R-NY-2]* 01/09/2019
Rep. Scott, Robert C. "Bobby" [D-VA-3]* 01/09/2019
Rep. Young, Don [R-AK-At Large]* 01/09/2019
Rep. Dingell, Debbie [D-MI-12]* 01/09/2019
Rep. Smith, Christopher H. [R-NJ-4]* 01/09/2019
Rep. Norcross, Donald [D-NJ-1]* 01/09/2019
Rep. Katko, John [R-NY-24]* 01/09/2019
Rep. Kaptur, Marcy [D-OH-9]* 01/09/2019
Rep. Fortenberry, Jeff [R-NE-1]* 01/09/2019
Rep. Moore, Gwen [D-WI-4] 01/18/2019
Rep. Cleaver, Emanuel [D-MO-5] 01/18/2019
Rep. Lynch, Stephen F. [D-MA-8] 01/18/2019
Rep. Schakowsky, Janice D. [D-IL-9] 01/18/2019
Rep. Huizenga, Bill [R-MI-2] 01/18/2019
Rep. Ryan, Tim [D-OH-13] 01/18/2019
Rep. Maloney, Sean Patrick [D-NY-18] 01/24/2019
Rep. Fitzpatrick, Brian K. [R-PA-1] 01/24/2019
Rep. Kelly, Robin L. [D-IL-2] 01/24/2019
Rep. McCollum, Betty [D-MN-4] 01/24/2019
Rep. Brownley, Julia [D-CA-26] 02/06/2019
Rep. Khanna, Ro [D-CA-17] 02/06/2019
Rep. Wilson, Frederica S. [D-FL-24] 02/06/2019
Rep. Hastings, Alcee L. [D-FL-20] 02/06/2019
Rep. Loebsack, David [D-IA-2] 02/06/2019
Rep. Beatty, Joyce [D-OH-3] 02/06/2019
Rep. Pingree, Chellie [D-ME-1] 02/06/2019
Rep. Sires, Albio [D-NJ-8] 02/06/2019
Rep. Stauber, Pete [R-MN-8] 02/06/2019
Rep. Higgins, Brian [D-NY-26] 02/06/2019
Rep. Sewell, Terri A. [D-AL-7] 02/06/2019
Rep. Lamb, Conor [D-PA-17] 02/06/2019
Rep. Velazquez, Nydia M. [D-NY-7] 02/06/2019
Rep. Rice, Kathleen M. [D-NY-4] 02/06/2019
Rep. Bustos, Cheri [D-IL-17] 02/06/2019
Rep. Cohen, Steve [D-TN-9] 02/06/2019
Rep. Espaillat, Adriano [D-NY-13] 02/06/2019
Rep. Lipinski, Daniel [D-IL-3] 02/06/2019
Rep. Sablan, Gregorio Kilili Camacho [D-MP-At Large] 02/06/2019
Rep. Kildee, Daniel T. [D-MI-5] 02/06/2019
Rep. Brindisi, Anthony [D-NY-22] 02/07/2019
Rep. Titus, Dina [D-NV-1] 02/07/2019
Rep. Craig, Angie [D-MN-2] 02/07/2019
Rep. Pallone, Frank, Jr. [D-NJ-6] 02/07/2019
Rep. Schiff, Adam B. [D-CA-28] 02/07/2019
Rep. Smith, Adam [D-WA-9] 02/07/2019
Rep. DeLauro, Rosa L. [D-CT-3] 02/07/2019
Rep. Serrano, Jose E. [D-NY-15] 02/07/2019
Rep. Norton, Eleanor Holmes [D-DC-At Large] 02/07/2019
Rep. Krishnamoorthi, Raja [D-IL-8] 02/07/2019
Rep. Roybal-Allard, Lucille [D-CA-40] 02/07/2019
Rep. Gallego, Ruben [D-AZ-7] 02/07/2019
Rep. Napolitano, Grace F. [D-CA-32] 02/14/2019
Rep. Lieu, Ted [D-CA-33] 02/14/2019
Rep. Visclosky, Peter J. [D-IN-1] 02/14/2019
Rep. McGovern, James P. [D-MA-2] 02/14/2019
Rep. Levin, Andy [D-MI-9] 02/14/2019
Rep. Price, David E. [D-NC-4] 02/14/2019
Rep. Fudge, Marcia L. [D-OH-11] 02/14/2019
Rep. Bonamici, Suzanne [D-OR-1] 02/14/2019
Rep. Suozzi, Thomas R. [D-NY-3] 02/14/2019
Rep. Hill, Katie [D-CA-25] 02/14/2019
Rep. Kind, Ron [D-WI-3] 02/14/2019
Rep. Pocan, Mark [D-WI-2] 02/26/2019
Rep. Morelle, Joseph D. [D-NY-25] 02/26/2019
Rep. Omar, Ilhan [D-MN-5] 02/26/2019
Rep. Foster, Bill [D-IL-11] 02/26/2019
Rep. Lee, Barbara [D-CA-13] 02/26/2019
Rep. Schrader, Kurt [D-OR-5] 02/26/2019
Rep. Garamendi, John [D-CA-3] 02/26/2019
Rep. Wasserman Schultz, Debbie [D-FL-23] 02/26/2019
Rep. Stevens, Haley M. [D-MI-11] 02/26/2019
Rep. Blumenauer, Earl [D-OR-3] 02/26/2019
Rep. Courtney, Joe [D-CT-2] 03/07/2019
Rep. Kim, Andy [D-NJ-3] 03/21/2019
Rep. Garcia, Jesus G. "Chuy" [D-IL-4] 03/21/2019
Rep. Wild, Susan [D-PA-7] 03/21/2019
Rep. Ocasio-Cortez, Alexandria [D-NY-14] 03/21/2019
Rep. Trahan, Lori [D-MA-3] 03/21/2019
Rep. Lofgren, Zoe [D-CA-19] 03/21/2019
Rep. Rose, Max [D-NY-11] 03/21/2019
Rep. Haaland, Debra A. [D-NM-1] 03/21/2019
Rep. Gonzalez, Vicente [D-TX-15] 03/25/2019
Rep. Raskin, Jamie [D-MD-8] 03/27/2019
Rep. DeFazio, Peter A. [D-OR-4] 03/27/2019
Rep. Neguse, Joe [D-CO-2] 03/27/2019
Rep. Scott, David [D-GA-13] 03/27/2019
Rep. Phillips, Dean [D-MN-3] 04/08/2019
Rep. Jayapal, Pramila [D-WA-7] 04/08/2019
Rep. DeGette, Diana [D-CO-1] 04/08/2019
Rep. Ruppersberger, C. A. Dutch [D-MD-2] 04/08/2019
Rep. Welch, Peter [D-VT-At Large] 04/08/2019
Rep. Kuster, Ann M. [D-NH-2] 04/08/2019
Rep. Watson Coleman, Bonnie [D-NJ-12] 04/08/2019
Rep. Quigley, Mike [D-IL-5] 04/08/2019
Rep. Tonko, Paul [D-NY-20] 04/12/2019
Rep. DeSaulnier, Mark [D-CA-11] 04/12/2019
Rep. Swalwell, Eric [D-CA-15] 04/12/2019
Rep. Veasey, Marc A. [D-TX-33] 04/12/2019
Rep. Slotkin, Elissa [D-MI-8] 04/12/2019
Rep. Doyle, Michael F. [D-PA-18] 04/12/2019
Rep. Connolly, Gerald E. [D-VA-11] 04/12/2019
Rep. Delgado, Antonio [D-NY-19] 04/12/2019
Rep. Horn, Kendra S. [D-OK-5] 04/12/2019
Rep. Castor, Kathy [D-FL-14] 04/12/2019
Rep. Cicilline, David N. [D-RI-1] 04/12/2019
Rep. Cartwright, Matt [D-PA-8] 04/12/2019
Rep. McEachin, A. Donald [D-VA-4] 04/12/2019
Rep. Lujan, Ben Ray [D-NM-3] 04/12/2019
Rep. Yarmuth, John A. [D-KY-3] 04/12/2019
Rep. Peters, Scott H. [D-CA-52] 04/12/2019
Rep. Finkenauer, Abby [D-IA-1] 04/12/2019
Rep. Aguilar, Pete [D-CA-31] 04/12/2019
Rep. Grijalva, Raul M. [D-AZ-3] 04/18/2019
Rep. Eshoo, Anna G. [D-CA-18] 04/18/2019
Rep. Crist, Charlie [D-FL-13] 04/18/2019
Rep. Davis, Danny K. [D-IL-7] 04/18/2019
Rep. Castro, Joaquin [D-TX-20] 04/18/2019
Rep. Perlmutter, Ed [D-CO-7] 04/18/2019
Rep. Pascrell, Bill, Jr. [D-NJ-9] 04/25/2019
Rep. Axne, Cynthia [D-IA-3] 04/25/2019
Rep. Jackson Lee, Sheila [D-TX-18] 04/25/2019
Rep. Evans, Dwight [D-PA-3] 04/25/2019
Rep. Davis, Susan A. [D-CA-53] 04/25/2019
Rep. Adams, Alma S. [D-NC-12] 04/25/2019
Rep. Langevin, James R. [D-RI-2] 04/25/2019

Committees (3)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Education and Labor01/09/2019 Referred to
House Ways and Means01/09/2019 Referred to
House Appropriations01/09/2019 Referred to

As of 04/26/2019 no related bill information has been received for H.R.397 - Rehabilitation for Multiemployer Pensions Act.


Latest Summary (1)

There is one summary for H.R.397. View summaries

Shown Here:
Introduced in House (01/09/2019)

Rehabilitation for Multiemployer Pensions Act

This bill 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 either in critical and declining status (including any plan with respect to which a suspension of benefits has been approved) or insolvent, if the plan became insolvent after December 16, 2014, and has not been terminated.

Treasury must issue bonds to fund the loan program and transfer amounts equal to the proceeds to the trust fund established by this bill. The Pension Rehabilitation Administration may use the funds, without a further appropriation, to make loans, pay principal and interest on the bonds, or for administrative and operating expenses.

The bill allows the sponsor of a multiemployer 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.

The bill also appropriates to the PBGC the funds that are necessary to provide the financial assistance required by this bill.