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CBO Cost Estimate for H.R. 397: Rehabilitation for Multiemployer Pensions Act of 2019
Congressional Budget Office [CBO]
July 10, 2019
"This estimate is for the discussion draft of H.R. 397 dated July 8, 2019 ... That legislation would provide funds for 30-year loans and new financial assistance (in the form of grants) to financially troubled multiemployer pension plans.... Plans would apply for both the loan and grants jointly. Certain plans would be required to apply. The loans and grants would be available only to plans that are currently financially troubled, as described in the bill; other plans would be eligible only for financial assistance that is available under current law."
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