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HR 397 116th Congress House Labor and Employment Accounting and auditing Department of the Treasury Employee benefits and pensions Executive agency funding and structure Federal officials Government lending and loan guarantees Government trust funds Securities

Rehabilitation for Multiemployer Pensions Act

Introduced: April 12, 2019 Introduced by: Neal, Richard E. Democratic · Massachusetts See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 29 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 19, 2019
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 390.
Dec 18, 2019
Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Jul 25, 2019
Received in the Senate.
Jul 24, 2019
Motion to reconsider laid on the table Agreed to without objection.
Jul 24, 2019
On passage Passed by recorded vote: 264 - 169 (Roll no. 505). (text: CR H7318-7323)
Jul 24, 2019
On motion to recommit with instructions Failed by recorded vote: 200 - 232 (Roll no. 504).
Jul 24, 2019
The previous question on the motion to recommit with instructions was ordered without objection.
Jul 24, 2019
Floor summary: DEBATE - The House proceeded with 10 minutes of debate on the Mast motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to insert a new clause in section 4(b)(1)(c) of the bill stating that pension plans will not knowingly engage in a commerce-related or investment-related boycott, divestment, or sanctions activity intended to undermine the existence of, penalize, inflict economic harm on, or otherwise limit commercial relations with Israel.
Jul 24, 2019
Mr. Mast moved to recommit with instructions to the Committee on Education and Labor. (text: CR H7346)
Jul 24, 2019
UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question on adoption of the amendment offered by Mr. Roe (TN), which had been debated earlier and on which further proceedings had been postponed.
Jul 24, 2019
Considered as unfinished business. (consideration: CR H7345, H7347-7348)
Jul 24, 2019
POSTPONED PROCEEDINGS - At the conclusion of debate on the Roe amendment, the Chair put the question on the amendment and by voice vote, announced that the ayes had prevailed. Mr. Scotts (VA) demanded a recorded vote and the Chair postponed further proceedings on agreeing to the amendment until a time to be announced.
Jul 24, 2019
The previous question was ordered pursuant to the rule.
Jul 24, 2019
DEBATE - Pursuant to the provisions of H. Res. 509, the House proceeded with 10 minutes of debate on the David P. Roe amendment No. 1.
Jul 24, 2019
DEBATE - The House proceeded with one hour of debate on H.R. 397.
Jul 24, 2019
Rule provides for consideration of H.R. 397 and H.R. 3239. Resolution provides for consideration of both H.R. 397 and H.R. 3239 under structured rules. Resolution also provides that it shall be in order on the legislative day of July 25, 2019 or July 26, 2019 that the House suspend the rules. Resolution additionally provides for proceedings from the period from July 29, 2019 through September 6, 2019.
Jul 24, 2019
Considered under the provisions of rule H. Res. 509. (consideration: CR H7318-7335)
Jul 23, 2019
Rules Committee Resolution H. Res. 509 Reported to House. Rule provides for consideration of H.R. 397 and H.R. 3239. Resolution provides for consideration of both H.R. 397 and H.R. 3239 under structured rules. Resolution also provides that it shall be in order on the legislative day of July 25, 2019 or July 26, 2019 that the House suspend the rules. Resolution additionally provides for proceedings from the period from July 29, 2019 through September 6, 2019.
Jul 19, 2019
Placed on the Union Calendar, Calendar No. 123.
Jul 19, 2019
Committee on Appropriations discharged.
Jul 19, 2019
Reported (Amended) by the Committee on Education and Labor. H. Rept. 116-159, Part II.
Jul 18, 2019
Reported (Amended) by the Committee on Ways and Means. H. Rept. 116-159, Part I.
Jul 10, 2019
Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 25 - 17.
Jul 10, 2019
Committee Consideration and Mark-up Session Held.
Jun 11, 2019
Ordered to be Reported (Amended) by the Yeas and Nays: 26 - 18.
Jun 11, 2019
Committee Consideration and Mark-up Session Held.
Mar 1, 2019
Referred to the Subcommittee on Worker and Family Support.
Jan 9, 2019
Referred to the Committee on Education and Labor, 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.
Jan 9, 2019
Introduced in House
 Votes taken on this bill 2
DateChamberWhat was voted onResultYes–No
Jul 24, 2019 House · vote #505 On Passage Passed 264–169 See who voted →
Jul 24, 2019 House · vote #504 On Motion to Recommit with Instructions Failed 200–232 See who voted →
 Amendments to this bill 2

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

1 agreed to 1 failed

AmendmentSponsorPurposeStatusLatest action
HAMDT 600 — Amendment sought to set the loan interest rates at 5% per annum for the first 5 years and 9% per annum therea… Failed Jul 24, 2019
HAMDT 599 — Pursuant to the provisions of H. Res. 509, the amendment in the nature of a substitute consisting of the text… Agreed to Jul 24, 2019
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 Plain-English summary Congressional Research Service

Rehabilitation for Multiemployer Pensions Act of 2019

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 (1) in critical and declining status, including any plan with respect to which a suspension of benefits has been approved; (2) in critical status, have a modified funded percentage of less than 40%, and have a ratio of active to inactive participants which is less than two to five; or (3) insolvent, if the plan became insolvent after December 16, 2014, and has not been terminated.

Treasury must transfer amounts, which may include proceeds from bonds and other obligations, from the general fund to the trust fund established by this bill as necessary to fund the program. The Pension Rehabilitation Administration may use the funds, without a further appropriation, to make loans, pay principal and interest on obligations, or for administrative and operating expenses.

The bill allows 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.

The bill modifies the requirements for the distribution of remaining pension benefits from certain defined contribution plans to a designated beneficiary upon death of an employee.

The bill increases penalties for failure to file

  • a tax return, and
  • certain retirement plan returns.
What's happening now December 19, 2019

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 390.

 Related & companion bills 3
  • S 2254 Related bill Butch Lewis Act of 2019
  • HR 6379 Related bill Workforce Emergency Response Act of 2020
  • HRES 509 Related bill Providing for consideration of the bill (H.R. 397) to amend the Internal Revenue Code of 1986 to create a Pension Rehab…
 Bill text 5 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 4
 Cosponsors 133
All 133 Democratic 117 Republican 5
ENGEL, ELIOT
· Jul 18, 2019
 D
Frankel, Lois
Florida · Jul 17, 2019
 D
Gottheimer, Josh
New Jersey · Jul 17, 2019
 D
Hoyer, Steny H.
Maryland · Jul 17, 2019
 D
Huffman, Jared
California · Jul 17, 2019
 D
Torres, Norma J.
California · Jul 17, 2019
 D
Garcia, Sylvia R.
Texas · Jul 16, 2019
 D
Levin, Mike
California · Jul 12, 2019
 D
Carson, André
Indiana · Jul 11, 2019
 D
Thompson, Mike
California · Jul 11, 2019
 D
Beyer, Donald S.
Virginia · Jul 9, 2019
 D
Gomez, Jimmy
California · Jul 9, 2019
 D
Keating, William R.
Massachusetts · Jul 9, 2019
LEWIS, JOHN
· Jul 9, 2019
 D
Meeks, Gregory W.
New York · Jul 9, 2019
Cook, Paul
· Jul 2, 2019
 D
Doggett, Lloyd
Texas · Jun 27, 2019
 D
Boyle, Brendan F.
Pennsylvania · Jun 26, 2019
 D
Crow, Jason
Colorado · Jun 26, 2019
 D
Larsen, Rick
Washington · Jun 26, 2019
 D
Vargas, Juan
California · Jun 26, 2019
 D
Barragán, Nanette Diaz
California · Jun 24, 2019
 D
DelBene, Suzan K.
Washington · Jun 19, 2019
 D
Soto, Darren
Florida · Jun 19, 2019
 D
Chu, Judy
California · Jun 18, 2019
CLAY, WM.
· Jun 18, 2019
 D
Houlahan, Chrissy
Pennsylvania · Jun 18, 2019
PETERSON, COLLIN
· Jun 13, 2019
 D
Clark, Katherine M.
Massachusetts · Jun 10, 2019
 D
Horsford, Steven
Nevada · Jun 10, 2019
 D
Lee, Susie
Nevada · Jun 10, 2019
 D
Pappas, Chris
New Hampshire · Jun 10, 2019
 D
Harder, Josh
California · Jun 4, 2019
 D
Hayes, Jahana
Connecticut · Jun 4, 2019
 D
Sherman, Brad
California · Jun 4, 2019
 D
Tlaib, Rashida
Michigan · Jun 4, 2019
 D
Bishop, Sanford D.
Georgia · May 30, 2019
 D
Carbajal, Salud O.
California · May 30, 2019
 D
Dean, Madeleine
Pennsylvania · May 30, 2019
 D
Golden, Jared F.
Maine · May 30, 2019
 D
Himes, James A.
Connecticut · May 30, 2019
Kirkpatrick, Ann
· May 30, 2019
 D
Nadler, Jerrold
New York · May 30, 2019
 D
Panetta, Jimmy
California · May 30, 2019
 D
Sánchez, Linda T.
California · May 30, 2019
 D
Scanlon, Mary Gay
Pennsylvania · May 30, 2019
 D
Stanton, Greg
Arizona · May 30, 2019
 D
Takano, Mark
California · May 30, 2019
 R
Van Drew, Jefferson
New Jersey · May 30, 2019
 D
Blunt Rochester, Lisa
Delaware · May 7, 2019
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APA
U.S. Congress. (2026). H.R. 397: Rehabilitation for Multiemployer Pensions Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-397/
MLA
"H.R. 397: Rehabilitation for Multiemployer Pensions Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-397/.
Bluebook (legal)
H.R. 397, 116th Cong. (2026), https://openamerica.io/bill/116-HR-397/.
Markdown link
[H.R. 397: Rehabilitation for Multiemployer Pensions Act of 2019](https://openamerica.io/bill/116-HR-397/)
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