Senate Bill 2788
116th Congress(2019-2020)
Bipartisan American Miners Act of 2019
Introduced
Introduced
Introduced in Senate on Nov 6, 2019
Overview
Text
Introduced
Nov 6, 2019
Latest Action
Nov 6, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2788
Congress
116
Policy Area
Labor and Employment
Labor and Employment
Primary focus of measure is matters affecting hiring and composition of the workforce, wages and benefits, labor-management relations; occupational safety, personnel management, unemployment compensation. Measures concerning public-sector employment may fall under Government Operations and Politics policy area.
Sponsorship by Party
West Virginia
Alabama
Delaware
Illinois
Pennsylvania
Rhode Island
Virginia
Virginia
No Senate votes have been held for this bill.
Summary

Bipartisan American Miners Act of 2019

This bill 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 and 2019 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 allows in-service distributions under a pension plan or governmental section 457(b) plan at age 59-1/2. The distributions are currently permitted at age 62 for pension plans and at age 70-1/2 for governmental section 457(b) plans.

Text (1)
November 6, 2019
Actions (2)
11/06/2019
Read twice and referred to the Committee on Finance.
11/06/2019
Introduced in Senate
Public Record
Created
Nov 7, 2019 5:27:29 AM
Updated
Feb 19, 2021 5:32:48 AM