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S 621 IS
112th CONGRESS
1st Session
S. 621
To amend the Surface Mining Control and Reclamation Act of 1977 to provide for use of excess funds available under that Act to provide for certain benefits, and for other purposes.
IN THE SENATE OF THE UNITED STATES
March 17, 2011
Mr. ROCKEFELLER introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources
A BILL
To amend the Surface Mining Control and Reclamation Act of 1977 to provide for use of excess funds available under that Act to provide for certain benefits, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘Coal Accountability and Retired Employee Act of 2011’ or the ‘CARE Act’.
SEC. 2. AMENDMENT OF SURFACE MINING CONTROL AND RECLAMATION ACT OF 1977.
Section 402(i)(2) of the Surface Mining Control and Reclamation Act of 1977 (30 U.S.C. 1232(i)(2)) is amended--
(1) by striking ‘Subject to’ and inserting the following:
(2) by adding at the end the following:
‘(B) EXCESS AMOUNTS-
‘(i) IN GENERAL- Subject to paragraph (3), and after all transfers referred to in paragraph (1) and subparagraph (A) of this paragraph have been made, any amounts remaining after the application of paragraph (3)(A) (without regard to this subparagraph) shall be transferred to the trustees of the 1974 UMWA Pension Plan and used solely to pay pension benefits required under such plan.
‘(ii) 1974 UMWA PENSION PLAN- In this subparagraph, the term ‘1974 UMWA Pension Plan’ means a pension plan referred to in section 9701(a)(3) of the Internal Revenue Code of 1986 but without regard to whether participation in such plan is limited to individuals who retired in 1976 and thereafter.’.
U.S. Congress - Text of S.621 as Introduced in Senate CARE Act
