S. 5045 · 116th Congress
Chris Allen Multiemployer Pension Recapitalization and Reform Act of 2020
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
GrassleySponsor1 cosponsor · 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Chris Allen Multiemployer Pension Recapitalization and Reform Act of 2020
What it does: CRS summary · Introduced in Senate · Dec 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Chris Allen Multiemployer Pension Recapitalization and Reform Act of 2020
Latest action (Dec 17, 2020): Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S7592-7593; text: CR S7593-7634)
Policy area: Labor and Employment · Origin: Senate · Introduced: Dec 17, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.