Rehabilitation for Multiemployer Pensions Act
Sponsored By: Representative Neal, Richard E. [D-MA-1]
Unknown
Summary
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 amends the Employee Retirement Income Security Act of 1974 (ERISA) to allow 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.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Neal, Richard E. [D-MA-1]
MA • D
Cosponsors
SANDER LEVIN
MI • D
Sponsored 11/16/2017
Rep. Thompson, Mike [D-CA-4]
CA • D
Sponsored 11/16/2017
JOSEPH CROWLEY
NY • D
Sponsored 11/16/2017
Rep. Davis, Danny K. [D-IL-7]
IL • D
Sponsored 11/16/2017
Rep. Higgins, Brian [D-NY-26]
NY • D
Sponsored 11/16/2017
Rep. Bustos, Cheri [D-IL-17]
IL • D
Sponsored 11/16/2017
Rep. Carson, Andre [D-IN-7]
IN • D
Sponsored 11/16/2017
Rep. Castor, Kathy [D-FL-14]
FL • D
Sponsored 11/16/2017
Rep. Cicilline, David N. [D-RI-1]
RI • D
Sponsored 11/16/2017
Rep. Cleaver, Emanuel [D-MO-5]
MO • D
Sponsored 11/16/2017
Rep. Clyburn, James E. [D-SC-6]
SC • D
Sponsored 11/16/2017
Rep. Dingell, Debbie [D-MI-6]
MI • D
Sponsored 11/16/2017
Rep. Espaillat, Adriano [D-NY-13]
NY • D
Sponsored 11/16/2017
Rep. Evans, Dwight [D-PA-3]
PA • D
Sponsored 11/16/2017
Rep. Fudge, Marcia L. [D-OH-11]
OH • D
Sponsored 11/16/2017
Sen. Blunt Rochester, Lisa [D-DE]
DE • D
Sponsored 11/16/2017
Rep. Rice, Kathleen M. [D-NY-4]
NY • D
Sponsored 11/16/2017
Rep. Pallone, Frank [D-NJ-6]
NJ • D
Sponsored 11/16/2017
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 11/16/2017
Rep. Norcross, Donald [D-NJ-1]
NJ • D
Sponsored 11/16/2017
RICHARD NOLAN
MN • D
Sponsored 11/16/2017
Rep. Napolitano, Grace F. [D-CA-31]
CA • D
Sponsored 11/16/2017
Rep. Moore, Gwen [D-WI-4]
WI • D
Sponsored 11/16/2017
CAROLYN MALONEY
NY • D
Sponsored 11/16/2017
Rep. Lynch, Stephen F. [D-MA-8]
MA • D
Sponsored 11/16/2017
Rep. Beatty, Joyce [D-OH-3]
OH • D
Sponsored 11/16/2017
GENE GREEN
TX • D
Sponsored 11/16/2017
Rep. Ellison, Keith [D-MN-5]
MN • D
Sponsored 11/30/2017
Rep. Walz, Timothy J. [D-MN-1]
MN • D
Sponsored 11/30/2017
Rep. O'Halleran, Tom [D-AZ-1]
AZ • D
Sponsored 11/30/2017
LOUISE SLAUGHTER
NY • D
Sponsored 11/30/2017
Rep. Nadler, Jerrold [D-NY-12]
NY • D
Sponsored 11/30/2017
Rep. Maloney, Sean Patrick [D-NY-18]
NY • D
Sponsored 11/30/2017
Rep. Soto, Darren [D-FL-9]
FL • D
Sponsored 11/30/2017
Rep. Eshoo, Anna G. [D-CA-16]
CA • D
Sponsored 11/30/2017
Rep. Frankel, Lois [D-FL-22]
FL • D
Sponsored 11/30/2017
Pelosi
CA • D
Sponsored 11/30/2017
Rep. Tonko, Paul [D-NY-20]
NY • D
Sponsored 11/30/2017
Rep. Lofgren, Zoe [D-CA-18]
CA • D
Sponsored 11/30/2017
Rep. Keating, William R. [D-MA-9]
MA • D
Sponsored 12/11/2017
Rep. Panetta, Jimmy [D-CA-19]
CA • D
Sponsored 12/11/2017
PETER DEFAZIO
OR • D
Sponsored 12/20/2017
Rep. Jackson Lee, Sheila [D-TX-18]
TX • D
Sponsored 12/21/2017
Rep. Bonamici, Suzanne [D-OR-1]
OR • D
Sponsored 11/16/2017
ALCEE HASTINGS
FL • D
Sponsored 11/16/2017
Rep. Kaptur, Marcy [D-OH-9]
OH • D
Sponsored 11/16/2017
Rep. Kildee, Daniel T. [D-MI-8]
MI • D
Sponsored 11/16/2017
Rep. Wilson, Frederica S. [D-FL-24]
FL • D
Sponsored 11/16/2017
Rep. Waters, Maxine [D-CA-43]
CA • D
Sponsored 11/16/2017
Rep. Velázquez, Nydia M. [D-NY-7]
NY • D
Sponsored 11/16/2017
Rep. Vela, Filemon [D-TX-34]
TX • D
Sponsored 11/16/2017
Rep. Scott, Robert C. "Bobby" [D-VA-3]
VA • D
Sponsored 11/16/2017
Rep. Schakowsky, Janice D. [D-IL-9]
IL • D
Sponsored 11/16/2017
Del. Sablan, Gregorio Kilili Camacho [D-MP-At Large]
MP • D
Sponsored 11/16/2017
TIM RYAN
OH • D
Sponsored 11/16/2017
Rep. Clark, Katherine M. [D-MA-5]
MA • D
Sponsored 11/30/2017
Hoyer
MD • D
Sponsored 11/30/2017
Rep. Hanabusa, Colleen [D-HI-1]
HI • D
Sponsored 11/30/2017
Rep. Cárdenas, Tony [D-CA-29]
CA • D
Sponsored 11/30/2017
Rep. Courtney, Joe [D-CT-2]
CT • D
Sponsored 12/1/2017
Rep. Larson, John B. [D-CT-1]
CT • D
Sponsored 12/1/2017
Rep. McCollum, Betty [D-MN-4]
MN • D
Sponsored 12/1/2017
JOHN LEWIS
GA • D
Sponsored 12/1/2017
Rep. Crist, Charlie [D-FL-13]
FL • D
Sponsored 12/1/2017
Rep. Smith, Adam [D-WA-9]
WA • D
Sponsored 12/5/2017
Rep. Doggett, Lloyd [D-TX-37]
TX • D
Sponsored 12/5/2017
Rep. Blumenauer, Earl [D-OR-3]
OR • D
Sponsored 12/5/2017
Rep. Pascrell, Bill, Jr. [D-NJ-9]
NJ • D
Sponsored 12/5/2017
Rep. Sánchez, Linda T. [D-CA-38]
CA • D
Sponsored 12/5/2017
Rep. Sewell, Terri A. [D-AL-7]
AL • D
Sponsored 12/5/2017
Rep. Chu, Judy [D-CA-28]
CA • D
Sponsored 12/5/2017
Rep. Meng, Grace [D-NY-6]
NY • D
Sponsored 12/5/2017
Rep. Gonzalez, Vicente [D-TX-34]
TX • D
Sponsored 12/5/2017
Rep. Cohen, Steve [D-TN-9]
TN • D
Sponsored 12/11/2017
ROBERT BRADY
PA • D
Sponsored 12/11/2017
Rep. Wasserman Schultz, Debbie [D-FL-25]
FL • D
Sponsored 12/11/2017
Peter Welch
VT • D
Sponsored 12/11/2017
Rep. Raskin, Jamie [D-MD-8]
MD • D
Sponsored 12/11/2017
Rep. Krishnamoorthi, Raja [D-IL-8]
IL • D
Sponsored 12/11/2017
Rep. Kuster, Ann M. [D-NH-2]
NH • D
Sponsored 12/11/2017
Rep. Jayapal, Pramila [D-WA-7]
WA • D
Sponsored 12/11/2017
Rep. Pocan, Mark [D-WI-2]
WI • D
Sponsored 12/11/2017
Rep. DeSaulnier, Mark [D-CA-10]
CA • D
Sponsored 12/11/2017
Rep. Carbajal, Salud O. [D-CA-24]
CA • D
Sponsored 12/11/2017
Rep. Kelly, Robin L. [D-IL-2]
IL • D
Sponsored 12/13/2017
Rep. McGovern, James P. [D-MA-2]
MA • D
Sponsored 12/13/2017
Rep. Esty, Elizabeth H. [D-CT-5]
CT • D
Sponsored 12/13/2017
Rep. Lee, Barbara [D-CA-12]
CA • D
Sponsored 12/13/2017
WM. CLAY
MO • D
Sponsored 12/14/2017
Rep. Sires, Albio [D-NJ-8]
NJ • D
Sponsored 12/14/2017
Rep. Jeffries, Hakeem S. [D-NY-8]
NY • D
Sponsored 12/18/2017
Rep. Larsen, Rick [D-WA-2]
WA • D
Sponsored 12/18/2017
Rep. Lipinski, Daniel [D-IL-3]
IL • D
Sponsored 12/18/2017
Rep. Watson Coleman, Bonnie [D-NJ-12]
NJ • D
Sponsored 12/18/2017
Rep. Matsui, Doris O. [D-CA-7]
CA • D
Sponsored 12/20/2017
COLLIN PETERSON
MN • D
Sponsored 12/20/2017
Rep. Green, Al [D-TX-9]
TX • D
Sponsored 12/20/2017
Rep. Loebsack, David [D-IA-2]
IA • D
Sponsored 12/20/2017
Rep. Foster, Bill [D-IL-11]
IL • D
Sponsored 12/20/2017
LUIS GUTIERREZ
IL • D
Sponsored 12/20/2017
Rep. Swalwell, Eric [D-CA-14]
CA • D
Sponsored 12/21/2017
Rep. Torres, Norma J. [D-CA-35]
CA • D
Sponsored 12/21/2017
Rep. Sherman, Brad [D-CA-32]
CA • D
Sponsored 12/21/2017
Rep. Castro, Joaquin [D-TX-20]
TX • D
Sponsored 12/21/2017
Rep. Lawson, Al, Jr. [D-FL-5]
FL • D
Sponsored 12/21/2017
Rep. Vargas, Juan [D-CA-52]
CA • D
Sponsored 12/21/2017
Rep. Richmond, Cedric L. [D-LA-2]
LA • D
Sponsored 1/9/2018
EDDIE JOHNSON
TX • D
Sponsored 1/9/2018
Rep. McNerney, Jerry [D-CA-9]
CA • D
Sponsored 1/9/2018
Rep. DeGette, Diana [D-CO-1]
CO • D
Sponsored 1/9/2018
Sen. Luján, Ben Ray [D-NM]
NM • D
Sponsored 1/9/2018
Rep. Connolly, Gerald E. [D-VA-11]
VA • D
Sponsored 1/9/2018
MIKE DOYLE
PA • D
Sponsored 1/9/2018
PETER VISCLOSKY
IN • D
Sponsored 1/9/2018
Rep. Brownley, Julia [D-CA-26]
CA • D
Sponsored 1/9/2018
Rep. Ruppersberger, C. A. Dutch [D-MD-2]
MD • D
Sponsored 1/9/2018
Rep. Perlmutter, Ed [D-CO-7]
CO • D
Sponsored 1/9/2018
Sen. Cramer, Kevin [R-ND]
ND • R
Sponsored 1/9/2018
Rep. Pingree, Chellie [D-ME-1]
ME • D
Sponsored 1/10/2018
Rep. Beyer, Donald S. [D-VA-8]
VA • D
Sponsored 1/10/2018
Rep. Moulton, Seth [D-MA-6]
MA • D
Sponsored 1/10/2018
Sen. Rosen, Jacky [D-NV]
NV • D
Sponsored 1/17/2018
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 1/30/2018
MICHAEL CAPUANO
MA • D
Sponsored 2/6/2018
Rep. Lowenthal, Alan S. [D-CA-47]
CA • D
Sponsored 2/6/2018
Rep. DeLauro, Rosa L. [D-CT-3]
CT • D
Sponsored 2/14/2018
Rep. Sarbanes, John P. [D-MD-3]
MD • D
Sponsored 2/14/2018
DON YOUNG
AK • R
Sponsored 2/14/2018
Rep. MacArthur, Thomas [R-NJ-3]
NJ • R
Sponsored 2/14/2018
Sen. Schiff, Adam B. [D-CA]
CA • D
Sponsored 2/14/2018
Rep. Costello, Ryan A. [R-PA-6]
PA • R
Sponsored 2/26/2018
Rep. Yarmuth, John A. [D-KY-3]
KY • D
Sponsored 2/26/2018
Rep. Lujan Grisham, Michelle [D-NM-1]
NM • D
Sponsored 2/26/2018
Rep. Shea-Porter, Carol [D-NH-1]
NH • D
Sponsored 1/9/2018
PETER KING
NY • R
Sponsored 1/9/2018
Rep. Khanna, Ro [D-CA-17]
CA • D
Sponsored 1/9/2018
Rep. Veasey, Marc A. [D-TX-33]
TX • D
Sponsored 1/10/2018
Rep. Garamendi, John [D-CA-8]
CA • D
Sponsored 1/10/2018
DAVID PRICE
NC • D
Sponsored 1/17/2018
Rep. Takano, Mark [D-CA-39]
CA • D
Sponsored 1/17/2018
RON KIND
WI • D
Sponsored 1/17/2018
Rep. Kihuen, Ruben J. [D-NV-4]
NV • D
Sponsored 1/17/2018
Rep. Titus, Dina [D-NV-1]
NV • D
Sponsored 1/30/2018
Rep. Adams, Alma S. [D-NC-12]
NC • D
Sponsored 2/2/2018
JAMES LANGEVIN
RI • D
Sponsored 2/2/2018
Rep. O'Rourke, Beto [D-TX-16]
TX • D
Sponsored 2/2/2018
Rep. Polis, Jared [D-CO-2]
CO • D
Sponsored 2/2/2018
Rep. Donovan, Daniel M., Jr. [R-NY-11]
NY • R
Sponsored 2/2/2018
Rep. Smith, Christopher H. [R-NJ-4]
NJ • R
Sponsored 2/2/2018
FRANK LOBIONDO
NJ • R
Sponsored 2/6/2018
Rep. Tsongas, Niki [D-MA-3]
MA • D
Sponsored 3/6/2018
Rep. Aguilar, Pete [D-CA-33]
CA • D
Sponsored 3/13/2018
Rep. Cartwright, Matt [D-PA-8]
PA • D
Sponsored 4/16/2018
Rep. Fortenberry, Jeff [R-NE-1]
NE • R
Sponsored 4/24/2018
Rep. Kennedy, Joseph P., III [D-MA-4]
MA • D
Sponsored 1/10/2018
Rep. Schneider, Bradley Scott [D-IL-10]
IL • D
Sponsored 3/6/2018
Rep. Butterfield, G. K. [D-NC-1]
NC • D
Sponsored 4/16/2018
Rep. Suozzi, Thomas R. [D-NY-3]
NY • D
Sponsored 4/25/2018
Rep. Lamb, Conor [D-PA-17]
PA • D
Sponsored 4/25/2018
Rep. Lawrence, Brenda L. [D-MI-14]
MI • D
Sponsored 5/8/2018
Rep. Huffman, Jared [D-CA-2]
CA • D
Sponsored 9/25/2018
Rep. Huizenga, Bill [R-MI-4]
MI • R
Sponsored 11/16/2018
LUCILLE ROYBAL-ALLARD
CA • D
Sponsored 11/28/2018
Rep. Peters, Scott H. [D-CA-50]
CA • D
Sponsored 12/10/2018
Rep. Thompson, Bennie G. [D-MS-2]
MS • D
Sponsored 5/8/2018
Rep. Lance, Leonard [R-NJ-7]
NJ • R
Sponsored 5/8/2018
JOSE SERRANO
NY • D
Sponsored 6/12/2018
Rep. McEachin, A. Donald [D-VA-4]
VA • D
Sponsored 6/25/2018
Rep. Bishop, Sanford D., Jr. [D-GA-2]
GA • D
Sponsored 6/25/2018
Rep. Lieu, Ted [D-CA-36]
CA • D
Sponsored 7/11/2018
Rep. Speier, Jackie [D-CA-14]
CA • D
Sponsored 7/11/2018
Rep. Young, David [R-IA-3]
IA • R
Sponsored 7/25/2018
Rep. Katko, John [R-NY-24]
NY • R
Sponsored 9/28/2018
Rep. Schrader, Kurt [D-OR-5]
OR • D
Sponsored 11/16/2018
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov