,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #ceja  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #bg1 #bjag,mr4  
,pauls5 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,education & !
 ,work=ce1 & 9 addition to ! ,committee 
on ,ways & ,means1 = a p]iod to be      
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to e/abli% a       
proc$ure "u :i* c]ta9 small employ]s may
 )draw f a multiemploy] plan 9          
connection ) ! e/abli%m5t ( a           
collectively b>ga9$ plan4  #a4 ,%ort    
title ,?is ,act may be cit$ z !         
,family-,own$ ,bus9ess ,multiemploy]    
,p5sion ,correction ,act ( #bjag4  #b4  
,)drawal by c]ta9 small employ]s f      
multiemploy] plans 9 connection )       
e/abli%m5t ( a collectively b>ga9$ plan 
7a7 ,det]m9ation ( eligibility  7#a7    
,p]iod = mak+ application ,n lat] ?an   
#ij days aft] ! date ( ! enactm5t ( ?is 
,act1 ! ,secret>y ( ! ,treasury %all    

e/abli% a program "u :i* cov]$ small    
employ]s may1 dur+ ! #a-ye> p]iod beg9n+
 #f mon?s aft] ! date t ! ,secret>y     
e/abli%es su* program1 apply to h !     
,secret>y det]m9e ! eligibility ( su*   
employ] = ! b5efits ( subsection 7d7 )  
respect to a multiemploy] plan4  7#b7   
,deadl9e = det]m9ation ,n lat] ?an #ij  
days aft] ! close ( ! #a-ye> p]iod      
describ$ 9 p>agraph 7#a71 ! ,secret>y   
%all notify ea* cov]$ small employ] :i* 
appli$ "u su* program ( :e!r su* employ]
 is eligible = ! b5efits ( subsection   
7d7 ) respect to ! multiemploy] plan to 
:i* ! employ]'s application relates4    
7b7 ,application  7#a7 ,cont5ts (       
application ,any application ( a cov]$  
small employ] submitt$ "u subsection    
7a77#a7 %all include-- 7,a7 ! "n ( su*  
employ]1  7,b7 ! multiemploy] plan )    
respect to :i* su* application relates1 
7,c7 ! total plan liabilities ( su* plan
 det]m9$ z ( ! close ( ! la/ plan ye>   
end+ be=e ! date ( su* application1     
7,d7 ! portion ( ! total plan           

liabilities ( su* plan :i* are prop]ly  
attributable to plan p>ticipants )      
respect to :i* su* employ] is requir$ to
 contribute to su* plan det]m9$ z ( !   
close ( ! plan ye> ref]r$ to 9          
subp>agraph 7,c71  7,e7 ! am\nts        
describ$ 9 p>agraphs 7,c7 & 7,d7 :i* are
 project$ 7on ! basis ( reasonable      
actu>ial assumptions7 to be det]m9$ z ( 
! close ( ea* ( ! #b plan ye>s succe$+ !
 plan ye> ref]r$ to 9 subp>agraph 7,c71 
7,f7 ! address ( ea* sep>ate bus9ess    
location ( su* employ] at :i* plan      
p>ticipants are employ$ by su* employ]1 
7,g7 ! highe/ numb] ( su* plan          
p>ticipants s employ$ at ea* su* sep>ate
 bus9ess location on any "t dur+ !      
#c-ye> p]iod end+ on ! date ( su*       
application1 &  7,h7 su* o!r in=mation z
 ! ,secret>y may require4  7#b7 ,us]    
fees ,an application submitt$ by an     
employ] "u subsection 7a77#a7 %all be   
treat$ z describ$ 9 section             
#gebh7;a77#b7 ( ! ,int]nal ,rev5ue ,code
 ( #aihf & ! us] fee impos$ ) respect to

 ea* su* application %all be #a1jjj     
multipli$ by ! numb] ( sep>ate bus9ess  
locations ( su* employ] at :i* plan     
p>ticipants are employ$ by su* employ]4 
7#c7 ,additional in=mation ,! ,secret>y 
may reque/ su* additional in=mation aft]
 submission ( ! application describ$ 9  
p>agraph 7#a7 z ! ,secret>y may require 
= purposes ( det]m9+ ! employ]'s        
eligibility = ! b5efits ( subsection    
7d74  7c7 ,/&>d = mak+ eligibility      
det]m9ation  7#a7 ,9 g5]al ,! ,secret>y 
%all n det]m9e t any cov]$ small employ]
 mak+ application = ! b5efits (         
subsection 7d7 ) respect to any         
multiemploy] plan is eligible = su*     
b5efits unless ! ,secret>y det]m9es t ! 
aggregate affect$ plan liabilities ( su*
 plan d n exce$ #a p]c5t ( ! total plan 
liabilities ( su* plan ) respect to any 
( ! #c plan ye>s beg9n+ ) ! plan ye>    
ref]r$ to 9 subsection 7b77#a77;,c7     
7det]m9$ z ( ! close ( ea* su* ye>74    
7#b7 ,aggregate affect$ plan liabilities
 ,= purposes ( p>agraph 7#a71 ! t]m     

aggregate affect$ plan liabilities      
means1 ) respect to any multiemploy]    
plan1 ! aggregate plan liabilities ( su*
 plan :i* are prop]ly attributable to   
plan p>ticipants ) respect to "o m      
employ]s :o appli$ = ! b5efits (        
subsection 7d7 ) respect to su* plan4   
7d7 ,limitation on )drawal liability    
7#a7 ,9 g5]al ,9 ! case ( a cov]$ small 
employ] :i*-- 7,a7 is det]m9$ by !      
,secret>y to be eligible = ! b5efits (  
?is subsection ) respect to a           
multiemploy] plan to :i* su* employ] is 
requir$ to contribute1 &  7,b7 is       
requir$ to contribute 7z det]m9$ by !   
,p5sion ,b5efit ,gu>anty ,corporation1 9
 consultation ) ! ,secret>y1 imm$iately 
aft] ! employ]'s )drawal f su*          
multiemploy] plan7 to a collectively    
b>ga9$ plan ! plan p>ticipants ( :i*    
include all ( ! plan p>ticipants ( su*  
multiemploy] plan :o 7 accru+ b5efits ) 
respect to su* employ] "u su*           
multiemploy] plan imm$iately be=e su*   
)drawal1  section #dbbe7;a7 ( !         

,employee ,retirem5t ,income ,security  
,act ( #aigd %all apply to su* employ] 9
 ! same mann] z su* section applies 9 ! 
case ( a bona fide sale ( sub/antially  
all ( ! employ]'s assets 9 an arm's l5g?
 transaction to an unrelat$ p>ty4  7#b7 
,application ,= purposes ( title ,,iv ( 
! ,employee ,retirem5t ,income ,security
 ,act ( #aigd1 a det]m9ation ( )drawal  
liability pursuant to p>agraph 7#a7 %all
 be treat$ z a det]m9ation made "u su*  
title4  7#c7 ,"t limitation ,p>agraph   
7#a7 %all n apply ) respect to any      
)drawal f a multiemploy] plan by a cov]$
 small employ] if ! date ( su* ( )drawal
 is m ?an #c ye>s aft] ! date ( ! notice
 describ$ 9 subsection 7a77#b74  7e7    
,def9itions  7#a7 ,cov]$ small employ]  
,! t]m cov]$ small employ] means an     
employ]-- 7,a7 t is describ$ 9 ! ,nor?  
,am]ican ,indu/ry ,classification ,sy/em
 indu/ry sector = retail trade2 &  7,b7 
t does n employ m ?an #ajj plan         
p>ticipants at any sep>ate bus9ess      
location on any day dur+ ! #c-ye> p]iod 

end+ on ! date ( ! application ref]r$ to
 9 subsection 7b74  7#b7 ,multiemploy]  
plan ,! t]m multiemploy] plan has !     
mean+ giv5 su* t]m 9 section #djja ( !  
,employee ,retirem5t ,income ,security  
,act ( #aigd4  7#c7 ,collectively b>ga9$
 plan ,! t]m collectively b>ga9$ plan   
means a plan ma9ta9$ pursuant to "o or m
 collective b>ga9+ agreem5ts betwe5     
employee repres5tatives & "o or m       
employ]s4  7#d7 ,secret>y ( ! ,treasury 
,! t]ms ,secret>y ( ! ,treasury &       
,secret>y bo? mean ! ,secret>y ( !      
,treasury 7or 8 delegate71 aft]         
consultation ) ! ,secret>y ( ,labor & ! 
,p5sion ,b5efit ,gu>anty ,corporation4