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Chris Allen Multiemployer Pension Recapitalization and Reform Act of 2020

USA116th CongressS-5045| Senate 
| Updated: 12/17/2020
Chuck Grassley

Chuck Grassley

Republican Senator

Iowa

Cosponsors (1)
Lamar Alexander (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Chris Allen Multiemployer Pension Recapitalization and Reform Act of 2020 This bill makes various changes with respect to the administration of multiemployer pension plans. Among other provisions, the bill allows qualified plans to apply for special partition assistance from the Pension Benefit Guaranty Corporation, revises the criteria for plans that are in endangered or critical status, and establishes rules for new composite plans that have certain attributes of both defined benefit and defined contribution plans.
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Timeline
Dec 17, 2020
Introduced in Senate
Dec 17, 2020
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S7592-7593; text: CR S7593-7634)
  • December 17, 2020
    Introduced in Senate


  • December 17, 2020
    Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S7592-7593; text: CR S7593-7634)

Labor and Employment

Accounting and auditingAdministrative remediesCivil actions and liabilityCorporate finance and managementCrimes against propertyDisability and paralysisEmployee benefits and pensionsFinancial services and investmentsGovernment corporations and government-sponsored enterprisesInterest, dividends, interest ratesPension Benefit Guaranty Corporation

Chris Allen Multiemployer Pension Recapitalization and Reform Act of 2020

USA116th CongressS-5045| Senate 
| Updated: 12/17/2020
Chris Allen Multiemployer Pension Recapitalization and Reform Act of 2020 This bill makes various changes with respect to the administration of multiemployer pension plans. Among other provisions, the bill allows qualified plans to apply for special partition assistance from the Pension Benefit Guaranty Corporation, revises the criteria for plans that are in endangered or critical status, and establishes rules for new composite plans that have certain attributes of both defined benefit and defined contribution plans.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Dec 17, 2020
Introduced in Senate
Dec 17, 2020
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S7592-7593; text: CR S7593-7634)
  • December 17, 2020
    Introduced in Senate


  • December 17, 2020
    Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S7592-7593; text: CR S7593-7634)
Chuck Grassley

Chuck Grassley

Republican Senator

Iowa

Cosponsors (1)
Lamar Alexander (Republican)

Finance Committee

Labor and Employment

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Accounting and auditingAdministrative remediesCivil actions and liabilityCorporate finance and managementCrimes against propertyDisability and paralysisEmployee benefits and pensionsFinancial services and investmentsGovernment corporations and government-sponsored enterprisesInterest, dividends, interest ratesPension Benefit Guaranty Corporation