US Congress House Bill 2117 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on April 25 2017 - 25% progression, died in committee
Action: 2017-04-25 - Referred to the House Committee on Education and the Workforce.
Pending: House Education And The Workforce Committee
Text: Latest bill text (Introduced) [PDF]

Multi-Employer Pension Plan Partnership Act of 2017 This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to permit multiemployer pension plans that are in critical status and not expected to emerge from the status by the end of the rehabilitation period to adopt rules to forestall or avoid insolvency by revising the plan's terms and conditions for computing an employer's withdrawal liability. Any such rule becomes effective 90 days after adoption unless the corporation disapproves it before the end of the 90-day period (subject to tolling while a request by the corporation for additional information is pending). A corporation may disapprove a rule only if the rule creates an unreasonable risk of loss to plan participants and beneficiaries or to the corporation.

Multi-Employer Pension Plan Partnership Act of 2017

Rep. Pete Sessions [R-TX]

Rep. Bill Pascrell [D-NJ]

Date	Chamber	Action
2017-04-25	House	Referred to the House Committee on Education and the Workforce.
2017-04-25	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/2117/all-info
Text	https://www.congress.gov/115/bills/hr2117/BILLS-115hr2117ih.pdf