A bill to amend section 302 (c) of the Labor-Management Relations Act of 1947.

Amends the Labor-Management Relations Act of 1947 to stipulate that the restrictions on payments and loans to employee representatives by employers shall not apply to employer contributions to a pooled or individual trust fund established by a representative for the purpose of defraying the costs of motor vehicle, homeowners multiple peril, fire, or other insurance benefits for employees.