Summary: This bill transfers certain funds to provide pension 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. (Cosponsors, Partisan)
ANGIE CRAIG’S POSITION: Representative Craig Cosponsored the bill on 11/15/19.
STATUS: Introduced 01/31/19 by Rep. McKinley, David B. [R-WV-1].
INFORMATION RELATED TO THE BILL:
- “Miners put their lives on the line every day to produce the energy that powered our nation’s economic engine,” Rep. McKinley said. “We need to keep our promise to them, so they have peace of mind and certainty for the future. The time is now to find a solution that ensures the benefits miners earned and are counting on aren’t threatened.” (Source: Rep. McKinley, Press Release 1/31/19)
Link to the text of the bill.
Link to bill information (support and opposition) on Countable.