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H.R. 397: Rehabilitation for Multiemployer Pensions Act of 2019

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To amend the Internal Revenue Code of 1986 to create a Pension Rehabilitation Trust Fund, to establish a Pension Rehabilitation Administration within the Department of the Treasury to make loans to multiemployer defined benefit plans, and for other purposes.

The bill’s titles are written by its sponsor.

Sponsor and status

Photo of sponsor Richard Neal

Richard Neal

Sponsor. Representative for Massachusetts's 1st congressional district. Democrat.

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Last Updated: Jul 25, 2019
Length: 53 pages
Introduced
Jan 9, 2019
Status

Passed House (Senate next) on Jul 24, 2019

This bill passed in the House on July 24, 2019 and goes to the Senate next for consideration.

Prognosis
29% chance of being enacted according to Skopos Labs (details)
Source
Congress.gov

Position statements

What legislators are saying

“Maloney Celebrates Hudson Valley Workers on Labor Day”
    — Rep. Sean Maloney [D-NY18] (Co-sponsor) on Aug 30, 2019

“Most Michigan reps. vote to protect union pensions”
    — Rep. Brenda Lawrence [D-MI14] (Co-sponsor) on Jul 25, 2019

“Bill Flores Discusses This Week in Washington”
    — Rep. Bill Flores [R-TX17] on Jul 26, 2019

More statements at ProPublica Represent...

What stakeholders are saying

Institute for Spending Reform SpendingTracker.org estimates H.R. 397 will add $67.7 billion in new spending through 2029.
Institute for Spending Reform SpendingTracker.org estimates H.R. 397 will add $67.7 billion in new spending through 2029.

History

Jan 9, 2019
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

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Jun 11, 2019
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

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Jul 10, 2019
 
Considered by House Committee on Ways and Means

A committee held a hearing or business meeting about the bill.

Jul 19, 2019
 
On House Schedule

The House indicated that this bill would be considered in the week ahead.

Jul 24, 2019
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

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If this bill has further action, the following steps may occur next:
—
 
Passed Senate

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Signed by the President

H.R. 397 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 397 — 116th Congress: Rehabilitation for Multiemployer Pensions Act of 2019.” www.GovTrack.us. 2019. September 21, 2019 <https://www.govtrack.us/congress/bills/116/hr397>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.