Steel Revitalization Act of 2001

openUnited States· United States Congress· EN

Introduced

24 May 2001

Last action

25 May 2001 · Introduced

Status

Sponsor introductory remarks on measure. (CR S5663-5664)

Summary

Steel Revitalization Act of 2001 - Directs the President to impose quotas, tariff surcharges, or other measures on, and to negotiate enforceable voluntary export restraint agreements with respect to, imports of steel products in order to ensure that: (1) the tonnage of iron ore, coke and coke products, semifinished steel, and pig iron imported into the United States during any month does not exceed the average tonnage of each product imported monthly into the United States during the 36-month period preceding July 1997; and (2) the share of domestic consumption of any other applicable steel product in the United States derived from imports during any month does not exceed the average monthly share of domestic U.S. consumption of that steel product during any month in the 36-month period preceding July 1997. Establishes: (1) the Steel 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. Amends the Internal Revenue Code to impose an excise tax on steel sold by the manufacturer, producer, or importer (with proceeds to be deposited into the Steelworker Retiree Health Care Trust Fund). Amends the Emergency Steel Loan Guarantee Act of 1999 to increase the aggregate amount of loans guaranteed and outstanding at any one time under Emergency Steel Guarantee Loan Program or with respect to a single qualified steel company. Directs the Secretary to make a grant to help a merged steel product company comply with environmental requirements if such merger will promote the retention of at least 80 percent of the jobs of the steel workers and of the steel- producing facilities of the merging companies.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

24 May 2001
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
24 May 2001
Introduced
Sponsor introductory remarks on measure. (CR S5633-5634)
Source: IntroReferral
24 May 2001
Introduced
Introduced in Senate
Source: IntroReferral
25 May 2001
Introduced
Sponsor introductory remarks on measure. (CR S5663-5664)
Source: IntroReferral

Votes

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Versions

Introduced in Senate · 24 May 2001 · Download file

Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 24 May 2001
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Introduced in Senate (PDF)
Introduced in Senate · EN · 24 May 2001
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Introduced in Senate
summary · EN · 24 May 2001
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
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Related records

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Sources

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Official source: https://www.congress.gov/bill/107th-congress/senate-bill/957
Open data entity: https://api.congress.gov/v3/bill/107/s/957
us · 107-s-957 · source updated 19 August 2025