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H.R. 397, Rehabilitation for Multiemployer Pensions Act of 2019 (CBO Report for Congress)

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Congress 116th
Date Requested July 8, 2019
Date Sent July 9, 2019
Description:
This estimate is for the discussion draft of H.R. 397 dated July 8, 2019, 1:43 p.m., and posted by the House Committee on Ways and Means at https://docs.house.gov/meetings/WM/WM00/CPRT-116-WM00-D001.pdf. That legislation would provide funds for 30-year loans and new financial assistance (in the form of grants) to financially troubled multiemployer pension plans. The grants would be provided primarily over the next 30 years. Plans would apply for both the loan and grants jointly. Certain plans would be required to apply. The loans and grants would be available only to plans that are currently financially troubled, as described in the bill; other plans would be eligible only for financial assistance that is available under current law.

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