US Congress Senate Bill 468 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on March 6 2013 - 25% progression, died in committee
Action: 2013-03-06 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Coal Accountability and Retired Employee Act of 2013 or CARE Act - Amends the Surface Mining Control and Reclamation Act of 1977 to transfer specified excess funds derived from coal mine operator-paid reclamation fees to the trustees of the 1974 United Mine Workers of America (UMWA) Pension Plan for use solely to pay pension benefits required under such Plan. Amends the Internal Revenue Code to revise 1992 UMWA Benefit Plan eligibility requirements. Makes eligible for health benefits from the 1992 UMWA Benefit Plan an individual who would be eligible to receive benefits from the 1974 UMWA Benefit Plan (with a specified exception) following a bankruptcy or other insolvency proceeding of a coal mine operator, but who does not receive from that operator or any related person health benefits at least equal to those received under the Multiemployer Health Benefit Plan of the Surface Mining Control and Reclamation Act of 1977. Prescribes a special rule to state that employer contributions to an employees' trust or annuity benefit plan providing supplemental benefits solely to participants in a pension plan are neither deductible nor nondeductible as such from the employer's gross income. Subjects such contributions, on the other hand, to the requirements for deduction as an allowable trade or business expense. Treats a trust holding the assets of such a pension benefit plan as a tax-exempt organization. Excludes from wages any payments made to, or on behalf of, an employee or his or her beneficiary under such a plan.

CARE Act

Sen. John Rockefeller [D-WV]	Sen. Sherrod Brown [D-OH]	Sen. Robert Casey [D-PA]	Sen. Richard Durbin [D-IL]
Sen. Tim Kaine [D-VA]	Sen. Joe Manchin [D-WV]	Sen. Mark Warner [D-VA]	Sen. Elizabeth Warren [D-MA]

Date	Chamber	Action
2013-03-06	Senate	Read twice and referred to the Committee on Finance.
2013-03-06	Senate	Sponsor introductory remarks on measure. (CR S1230)

HB980 (Same As) 2013-03-07 - Referred to the Subcommittee on Energy and Mineral Resources.
HB2918 (Related) 2013-08-07 - Referred to the Subcommittee on Energy and Mineral Resources.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/468/all-info
Text	https://www.congress.gov/113/bills/s468/BILLS-113s468is.pdf