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H.R. 3501 · 115th Congress

Family-Owned Business Multiemployer Pension Correction Act of 2017

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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

No cosponsors.

Family-Owned Business Multiemployer Pension Correction Act of 2017

What it does: CRS summary · Introduced in House · Jul 27, 2017

Family-Owned Business Multiemployer Pension Correction Act of 2017

This bill directs the Department of the Treasury to establish a program to limit the liability of retail employers who do not employ more than 100 employees who are multiemployer pension plan participants (covered small employer) for withdrawing from a multiemployer pension plan to begin making contributions to a collectively bargained plan. A covered small employer is not eligible for such benefit unless Treasury determines that the affected multiemployer plan liabilities do not exceed 1% of total plan liabilities during a specified 3-year period.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Family-Owned Business Multiemployer Pension Correction Act of 2017

Latest action (Jul 27, 2017): Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, 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.

Policy area: Labor and Employment · Origin: House · Introduced: Jul 27, 2017

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.