Carpenters Fund Seeks Loophole to Sell Assets to Itself
Published Date: 8/22/2025
Notice
Summary
The Mid-America Carpenters Regional Council Apprentice and Training Fund in St. Louis wants to sell some property to the Council itself. Normally, this kind of sale isn’t allowed under the rules, but they’re asking for a special okay to make it happen. If approved, this change will let the sale go through smoothly without breaking any laws.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Exemption Allows Fund-to-Council Property Sale
This proposed exemption would let the Mid-America Carpenters Regional Council Apprentice and Training Fund in St. Louis sell real property to the Mid-America Carpenters Regional Council. Without this exemption, the sale would be prohibited by the Employee Retirement Income Security Act of 1974 (ERISA).
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