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Bailout Bill Report Out

Discussion in 'Central States Pension Fund Discussion' started by lulu belle, Jul 19, 2019.

  1. lulu belle

    lulu belle Member

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    I can't read legalese but here is a link:

    Breaking News: Bailout Bill Report Out
    Posted July 19, 2019 by burypensions in Multiemployer Pensions. Leave a Comment

    The committee report on H.R. 397 just came online.

    Feel free to go through the 153 pages and comment – or wait until Sunday night when I print excepts of interest.

     
    jimmy g likes this.
  2. rtm457

    rtm457 Active Member

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    I have an idea to fund this plan. Let's quit giving illegals handouts, such as welfare and healthcare and Social Security payments. Also let's go back and get the boat load of money that Obama gave to Iran.
     
    buffalobill likes this.
  3. buffalobill

    buffalobill Well-Known Member

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    and all the other countries. if this gets voted down, the next day a bipartisan bill will come up sending toilet seats and Twinkies to El Salvador or Nicaragua, or some other :shit:hole country. it will pass, no problem.
     
  4. mud

    mud Wonderin' AD-FREE USER

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  5. lulu belle

    lulu belle Member

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    New post at burypensions RE: what may happen. Looks like CSPF would be the only one to qualify for grants, so far, anyway.
    Bailout Bill Report (5): CBO Cost Estimate
    by burypensions
    The Congressional Budget Office [CBO] estimates that 157 multiemployer pension plans would be eligible to apply for loans under the criteria set forth in H.R. 397.... Of those 157 plans, CBO estimates that 8 would be ineligible for loans, 19 would receive loans but not grants, and 130 would receive loans and grants ... CBO estimates that loans disbursed in 2020 would total $43.3 billion; $3.6 billion of that amount would be for plans required to apply for loans."

    More excepts from CBO Report:

    Read more of this post

    burypensions | July 24,
     
  6. lulu belle

    lulu belle Member

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    New news:


    There are three major pension laws on hold until Congress reconvenes September 9. BenefitsPro laid out their chances:

    Read more of this post

    burypensions | August 1, 2019 at 7:37 pm | Categories: Multiemployer Pensions, Private Sector Pensions | URL: https://wp.me/p18vyx-3Rx


    [​IMG]
    Pension Bills On Hold
    by burypensions
     
  7. Jaloc

    Jaloc Well-Known Member

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    Don't forget about the $38 Billion to Israel too!
     

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