Operating Engineers Union Wants Permission to Lend Itself Machinery Funds
Published Date: 9/10/2025
Notice
Summary
The International Union of Operating Engineers Local 627 wants to lend money to their Training Fund to buy heavy machinery. Normally, this kind of loan breaks the rules, but they’re asking for a special okay to make it happen. If approved, the Plan can get the equipment it needs without breaking any laws, helping workers train better and faster.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Proposed OK for Union Loans
A proposed exemption would allow the International Union of Operating Engineers Local 627 to make certain loans to its Training Fund that would otherwise violate prohibited transaction rules under ERISA. If the exemption is granted, the union could lend money to the Plan without triggering those ERISA violations.
Training Fund Can Buy Heavy Machinery
The proposed exemption would permit the Training Fund to receive loans from Local 627 so the Plan can purchase heavy machinery. That access to equipment is intended to help workers train better and faster under the Plan's mission.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-14917, Electronic Disclosure by Group Health Plans Under ERISA
Group health plans can soon share important info online instead of paper, making it easier and cheaper for everyone. If this rule passes, plan administrators must notify members about electronic disclosures but still offer paper copies if requested. This change affects anyone in group health plans under ERISA and aims to save time and money starting after the rule is finalized.
2026-11140, Federal Independent Dispute Resolution Operations
Starting soon, health plans and insurers must share clearer info when they pay or deny surprise medical bills. They’ll use special codes to explain these decisions, especially when dealing with folks they don’t have contracts with. This helps patients and providers understand bills better and speeds up fixing disputes, with no extra costs for most people.
2026-05492, Retirement Security Rule: Definition of an Investment Advice Fiduciary: Notice of Court Vacatur
The court has canceled the Department of Labor’s 2024 rule that changed who counts as a trusted investment advisor for retirement plans. Starting April 20, 2026, the old rules from 2020 will be back in charge, affecting financial advisors and retirement plan managers. This means advisors should review their practices to stay on the right side of the law and avoid costly mistakes.
2025-14281, Pooled Employer Plans: Big Plans for Small Businesses
Small businesses get a big boost with new guidance on pooled employer plans (PEPs), which help them offer better, cheaper retirement savings options. The government is asking for feedback to create clear rules that make joining these plans easier and more affordable. Starting soon, these changes aim to save workers money and help small employers attract great employees.
2026-17143, Exemption for Certain Prohibited Transactions Involving Liberty Puerto Rico 401(k) Savings Plan (the Plan or the Applicant) Located in San Juan, Puerto Rico
This exemption permits the Plan's prior acquisition, holding, and sale of certain stock rights (the Rights) to purchase shares of stock in Liberty Latin America Ltd. (LLA). Absent an exemption, these transactions would be prohibited by the Employee Retirement Income Security Act of 1974 (ERISA) and/or the Internal Revenue Code of 1986 (the Code).
2026-17144, Exemption for Certain Prohibited Transactions Involving Mid-America Carpenters Regional Council Apprentice and Training Fund (the Fund or Applicant) Located in St. Louis, Missouri
This exemption permits the sale by the Fund of real property to the Mid-America Carpenters Regional Council (the Sale). Without this exemption, the Sale would be prohibited by the Employee Retirement Income Security Act of 1974 (ERISA).
Previous / Next Documents
Previous: 2025-17390, Agency Information Collection Activities; Comment Request; Revision of H-2A Temporary Agricultural Labor Certification Program
The Department of Labor wants to change the forms and rules for hiring temporary farm workers under the H-2A program. They’re rolling back some recent updates from 2024 but keeping a few improvements from earlier rules. This affects farmers and workers, aims to cut down paperwork, and invites public comments before final decisions.
Next: 2025-17393, Agency Information Collection Activities; Submission for OMB Review; Comment Request; Reemployment Services and Eligibility Assessment (RESEA) Evidence Building Portfolio Project
The Department of Labor wants to collect info to improve a program that helps people get back to work faster. They’re asking for approval to gather this data and want your thoughts before moving forward. This could help make job services better without costing extra money or time for most folks.