Save the American Steel Industry Act of 2001

Summary

Save the American Steel Industry Act of 2001 - Establishes: (1) the Steelworker Retiree Health Care Board in the Department of Labor; (2) the Steelworker Retiree Health Care Trust Fund; and (3) the Health Care Benefit Costs Assistance Program. Requires the Board to: (1) provide, under the Program, for payments to designated steelworker group health plans to assist in the funding of qualified retiree health benefits; and (2) establish policies for the Trust Fund that provide for prudent investments and low administrative costs. Amends the Internal Revenue Code to impose on steel sold by the manufacturer, producer, or importer an excise tax whose proceeds shall be deposited into the Trust Fund. Authorizes any person who acquires another person that produces any of the specified categories of steel products contained in this Act to apply to the Secretary of Commerce for a grant to defray the costs necessary to bring, and maintain, the resulting entity into compliance with U.S. environmental laws. Requires the Secretary to determine whether or not such mergers will promote the retention of at least 80 percent of the jobs of the steel workers and production capacity for such steel products. Sets forth penalties for failure to achieve such retention levels.

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Timeline

1. 9 May 2001

   Introduced

   Sponsor introductory remarks on measure. (CR S4086)

   Source: IntroReferral

2. 17 May 2001

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

3. 17 May 2001

   Introduced

   Sponsor introductory remarks on measure. (CR S5122-5123)

   Source: IntroReferral

4. 17 May 2001

   Introduced

   Introduced in Senate

   Source: IntroReferral

5. 9 May 2002

   Introduced

   Sponsor introductory remarks on measure. (CR S4086)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 17 May 2001 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 17 May 2001

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 17 May 2001

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 17 May 2001

  Open at official source

Sponsors

• Sen. Rockefeller, John D., IV [D-WV] · D · Sponsor
• Sen. Dayton, Mark [D-MN] · D · Sponsor
• Sen. Wellstone, Paul D. [D-MN] · D · Sponsor
• Sen. Mikulski, Barbara A. [D-MD] · D · Cosponsor
• Rep. DeWine, Mike [R-OH-7] · R · Cosponsor
• Sen. Stabenow, Debbie [D-MI] · D · Cosponsor
• Sen. Sarbanes, Paul S. [D-MD] · D · Cosponsor
• · ssfi00 · Standing

Related records

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