1. Short title This Act may be cited as the Family-Owned Business Multiemployer Pension Correction Act of 2017 . 2. Withdrawal by certain small employers from multiemployer plans in connection with establishment of a collectively bargained plan (a) Determination of eligibility (1) Period for making application Not later than 90 days after the date of the enactment of this Act, the Secretary of the Treasury shall establish a program under which covered small employers may, during the 1-year period beginning 6 months after the date that the Secretary establishes such program, apply to have the Secretary determine the eligibility of such employer for the benefits of subsection (d) with respect to a multiemployer plan. (2) Deadline for determination Not later than 90 days after the close of the 1-year period described in paragraph (1), the Secretary shall notify each covered small employer which applied under such program of whether such employer is eligible for the benefits of subsection (d) with respect to the multiemployer plan to which the employer’s application relates. (b) Application (1) Contents of application Any application of a covered small employer submitted under subsection (a)(1) shall include— (A) the name of such employer, (B) the multiemployer plan with respect to which such application relates, (C) the total plan liabilities of such plan determined as of the close of the last plan year ending before the date of such application, (D) the portion of the total plan liabilities of such plan which are properly attributable to plan participants with respect to which such employer is required to contribute to such plan determined as of the close of the plan year referred to in subparagraph (C), (E) the amounts described in paragraphs (C) and (D) which are projected (on the basis of reasonable actuarial assumptions) to be determined as of the close of each of the 2 plan years succeeding the plan year referred to in subparagraph (C), (F) the address of each separate business location of such employer at