1、 https:/crsreports.congress.gov September 10, 2018S. 2147, the Butch Lewis Act of 2017, and H.R. 4444, the Rehabilitation for Multiemployer Pensions ActS. 2147, the Butch Lewis Act of 2017, and H.R. 4444, the Rehabilitation for Multiemployer Pensions Act, contain identical provisions (except for the
2、 bills titles) that would provide financial assistance to financially-troubled multiemployer defined benefit (DB) pension plans that meet specified criteria. The financial assistance would consist of loans with a 30-year repayment term and, if the loan were insufficient to restore a plan to solvency
3、, additional financial assistance. These bills have featured in the discussions of the Joint Select Committee on Solvency of Multiemployer Pension Plans, which was established by the Bipartisan Budget Act of 2018 (P.L. 115-123) to formulate recommendations and legislative language related to the lik
4、ely insolvency of a large number of multiemployer plans and the Pension Benefit Guaranty Corporations (PBGC) multiemployer insurance program. The Congressional Budget Offices preliminary analysis indicated that budgetary effects are highly uncertain but that the bills could increase deficits by $100
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