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United States · Bill · HR

H.R. 4444 (115th)

Rehabilitation for Multiemployer Pensions Act

referredUnited States· United States Congress· EN

Introduced

16 November 2017

Last action

16 November 2017 · Introduced

Status

Referred to the Committee on Education and the Workforce, 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.

Sponsors

Rep. Neal, Richard E. [D-MA-1], Rep. Levin, Sander M. [D-MI-12], Rep. Thompson, Mike [D-CA-4], Rep. Crowley, Joseph [D-NY-14], Rep. Davis, Danny K. [D-IL-7], Rep. Higgins, Brian [D-NY-26], Rep. Bustos, Cheri [D-IL-17], Rep. Carson, André [D-IN-7], Rep. Castor, Kathy [D-FL-14], Rep. Cicilline, David N. [D-RI-1], Rep. Cleaver, Emanuel [D-MO-5], Rep. Clyburn, James E. [D-SC-6], Rep. Dingell, Debbie [D-MI-6], Rep. Espaillat, Adriano [D-NY-13], Rep. Evans, Dwight [D-PA-3], Rep. Fudge, Marcia L. [D-OH-11], Rep. Bonamici, Suzanne [D-OR-1], Rep. Hastings, Alcee L. [D-FL-20], Rep. Kaptur, Marcy [D-OH-9], Rep. Kildee, Daniel T. [D-MI-5], Rep. Wilson, Frederica S. [D-FL-24], Rep. Waters, Maxine [D-CA-43], Rep. Velázquez, Nydia M. [D-NY-7], Rep. Vela, Filemon [D-TX-34], Rep. Scott, Robert C. "Bobby" [D-VA-3], Rep. Schakowsky, Janice D. [D-IL-9], Del. Sablan, Gregorio Kilili Camacho [D-MP-At Large], Rep. Ryan, Tim [D-OH-13], Sen. Blunt Rochester, Lisa [D-DE], Rep. Rice, Kathleen M. [D-NY-4], Rep. Pallone, Frank [D-NJ-6], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Norcross, Donald [D-NJ-1], Rep. Nolan, Richard M. [D-MN-8], Rep. Napolitano, Grace F. [D-CA-32], Rep. Moore, Gwen [D-WI-4], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Lynch, Stephen F. [D-MA-8], Rep. Beatty, Joyce [D-OH-3], Rep. Green, Gene [D-TX-29], Rep. Ellison, Keith [D-MN-5], Rep. Walz, Timothy J. [D-MN-1], Rep. O'Halleran, Tom [D-AZ-1], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Nadler, Jerrold [D-NY-12], Rep. Maloney, Sean Patrick [D-NY-18], Rep. Soto, Darren [D-FL-9], Rep. Eshoo, Anna G. [D-CA-18]

Subjects

Discovery layer

Source updated

5 December 2025

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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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 16 November 2017

    Introduced

    Referred to the Committee on Education and the Workforce, 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.

    Source: IntroReferral

  2. 16 November 2017

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 16 November 2017

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 16 November 2017

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  • Introduced in House (PDF)

    Introduced in House · EN · 16 November 2017

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  • Introduced in House

    summary · EN · 16 November 2017

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Sponsors

Showing 48 of 178 sponsors and actors.

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Sources

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