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- S.589
S.589: Chris Allen Multiemployer Pension Recapitalization and Reform Act of 2021
About This Bill
- Introduced March 4, 2021
- Latest Major Action March 4, 2021
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - March 4, 2021
Bill Summary
Chris Allen Multiemployer Pension Recapitalization and Reform Act of 2021This bill makes various changes with respect to the administration of multiemployer pension plans. Among other provisions, the bill allows qualified multiemployer plans to apply for special partition assistance from the Pension Benefit Guaranty Corporation (PBGC). Partition assistance generally authorizes the PBGC to take financial responsibility for a portion of the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 4, 2021 |
Read twice and referred to the Committee on Finance.
|
| March 4, 2021 |
Introduced in the Senate by Charles E. Grassley (R-Iowa) |