WebMar 9, 2024 · The US Senate on March 6 passed the Butch Lewis Emergency Pension Plan Relief Act of 2024 (EPPRA) as part of the American Rescue Plan of 2024 (H.R. 1319), the Biden administration’s $1.9 trillion COVID-19 stimulus package. The bill was passed under the reconciliation process, requiring a simple majority vote. WebMar 11, 2024 · On March 11, 2024, President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2024, which includes the Butch Lewis Emergency Pension Plan Relief Act of 2024. This law is designed The …
Brown, Smith, Manchin, Schumer Reintroduce Butch Lewis Act…
WebJul 24, 2024 · The Butch Lewis Act would: Create a loan program to allow failing pensions plans to borrow the money they need to put plans back on solid ground and ensure they can meet their commitments to retirees and workers for decades to come. By putting the plans back on solid footing, the bill would also protect small businesses from the threat of ... The Butch Lewis Act is an act of the United States Congress that would allow the United States Treasury to provide financial assistance to failing multiemployer pension plans. This assistance would come in the form of grants that would not need to be repaid to the Department of Treasury and would allow retirees to receive the entirety of their pension benefits. countries not to visit in 2018
Update on the Butch Lewis Act - Word on Benefits
http://cleaver.house.gov/media-center/press-releases/butch-lewis-act-passes-house-representatives-congressman-cleavers WebJul 26, 2024 · The Butch Lewis Act would address the pension crisis by creating a new office within the Treasury Department called the Pension Rehabilitation Administration (PRA). The PRA would allow pension plans such as the CSPF to borrow money needed to remain solvent and continue providing security for retirees and workers for the decades … WebJul 26, 2024 · The Rehabilitation for Multiemployer Pensions Act (HR 397), also known as the Butch Lewis Act, was introduced January 9, 2024 and passed the House on July 24, 2024. On the same day, PBGC Director Gordon Hartogensis issued a statement calling for Congress to enact a bipartisan, long-term solution on the multiemployer pension system. breslin young \\u0026 slaughter