---
kind: "section"
citation: "29 U.S.C. § 1431"
title: "29"
title_heading: "Labor"
number: "1431"
heading: "Assistance by corporation"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/29/1431"
units:
  - "Chapter 18 — Employee Retirement Income Security Program"
  - "Subchapter III — Plan Termination Insurance"
  - "Subtitle E — Special Provisions for Multiemployer Plans"
  - "Part 4 — financial assistance"
---

# §1431. Assistance by corporation

- (a) **Authority; procedure applicable; amount—** If, upon receipt of an application for financial assistance under [section 1426(f) of this title](/usc/29/1426.md?p=f) or [section 1441(d) of this title](/usc/29/1441.md?p=d), the corporation verifies that the plan is or will be insolvent and unable to pay [basic benefits](/usc/29/1301.md?p=a-6) when due, the corporation shall provide the plan financial assistance in an amount sufficient to enable the plan to pay [basic benefits](/usc/29/1301.md?p=a-6) under the plan.
- (b) **Conditions; repayment terms—**
  - (1) Financial assistance shall be provided under such conditions as the corporation determines are equitable and are appropriate to prevent unreasonable loss to the corporation with respect to the plan.
  - (2) A plan which has received financial assistance shall repay the amount of such assistance to the corporation on reasonable terms consistent with regulations prescribed by the corporation.
- (c) **Assistance pending final determination of application—** Pending determination of the amount described in [subsection (a)](#a), the corporation may provide financial assistance in such amounts as it considers appropriate in order to avoid undue hardship to plan participants and beneficiaries.

## Source credit

(Pub. L. 93–406, title IV, § 4261, as added Pub. L. 96–364, title I, § 104(2), Sept. 26, 1980, 94 Stat. 1261.)

## Notes

### Editorial Notes

### Effective Date

Part effective Sept. 26, 1980, except as specifically provided, see section 1461(e) of this title.