US SB27 | 2019-2020 | 116th Congress

Status

Spectrum: Moderate Partisan Bill (Democrat 14-2)
Status: Introduced on January 3 2019 - 25% progression, died in committee
Action: 2019-01-03 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Transfers certain funds to provide pension and health benefits for retired coal miners who have been affected by issues such as coal company bankruptcies. The Department of the Treasury must transfer additional funds to the 1974 United Mine Workers of America (UMWA) Pension Plan to pay pension benefits required under that plan if the annual limit on transfers under the Surface Mining Control and Reclamation Act of 1977 exceeds the amount required to be transferred for existing obligations of the Abandoned Mine Reclamation Fund. The bill also increases the annual limit on transfers from $490 million to $750 million. The bill also adds miners affected by 2018 coal company bankruptcies to the group whose retiree health benefits are taken into account in determining the amount that Treasury must transfer under current law to the Multiemployer Health Benefit Plan. Additionally, the bill (1) reduces the minimum age for in-service distributions under certain retirement plans, and (2) extends the increased rates for the Black Lung Disability Trust Fund excise tax.

Tracking Information

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Title

American Miners Act of 2019

Sponsors


History

DateChamberAction
2019-01-03SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB934 (Related) 2019-10-23 - Ordered to be Reported by Voice Vote.
HB935 (Related) 2019-10-23 - Ordered to be Reported (Amended) by Voice Vote.
SB671 (Related) 2019-03-06 - Read twice and referred to the Committee on Finance.
SB2788 (Related) 2019-11-06 - Read twice and referred to the Committee on Finance.
HB1865 (Related) 2019-12-20 - Became Public Law No: 116-94. (TXT | PDF)

Subjects


US Congress State Sources


Bill Comments

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