Legis Daily

Bipartisan American Miners Act of 2019

USA116th CongressS-2788| Senate 
| Updated: 11/6/2019
Joe Manchin

Joe Manchin

Independent Senator

West Virginia

Cosponsors (14)
Tammy Duckworth (Democratic)Mitch McConnell (Republican)Richard J. Durbin (Democratic)Jack Reed (Democratic)Thomas R. Carper (Democratic)Mark R. Warner (Democratic)Doug Jones (Democratic)Robert P. Casey (Democratic)Tim Kaine (Democratic)Kyrsten Sinema (Independent)Chris Van Hollen (Democratic)Sherrod Brown (Democratic)Rob Portman (Republican)Shelley Moore Capito (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Nov 6, 2019
Introduced in Senate
Nov 6, 2019
Read twice and referred to the Committee on Finance.
  • November 6, 2019
    Introduced in Senate


  • November 6, 2019
    Read twice and referred to the Committee on Finance.

Labor and Employment

Related Bills

  • S 116-27: American Miners Act of 2019
  • HR 116-1865: Further Consolidated Appropriations Act, 2020
  • S 116-671: Miners Pension Protection Act
  • HR 116-935: Miners Pension Protection Act
  • HR 116-934: Health Benefits for Miners Act of 2019
BankruptcyCoalCorporate finance and managementEmployee benefits and pensionsGovernment information and archivesGovernment trust fundsHealth care costs and insuranceLabor-management relationsMiningWorker safety and health

Bipartisan American Miners Act of 2019

USA116th CongressS-2788| Senate 
| Updated: 11/6/2019
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Nov 6, 2019
Introduced in Senate
Nov 6, 2019
Read twice and referred to the Committee on Finance.
  • November 6, 2019
    Introduced in Senate


  • November 6, 2019
    Read twice and referred to the Committee on Finance.
Joe Manchin

Joe Manchin

Independent Senator

West Virginia

Cosponsors (14)
Tammy Duckworth (Democratic)Mitch McConnell (Republican)Richard J. Durbin (Democratic)Jack Reed (Democratic)Thomas R. Carper (Democratic)Mark R. Warner (Democratic)Doug Jones (Democratic)Robert P. Casey (Democratic)Tim Kaine (Democratic)Kyrsten Sinema (Independent)Chris Van Hollen (Democratic)Sherrod Brown (Democratic)Rob Portman (Republican)Shelley Moore Capito (Republican)

Finance Committee

Labor and Employment

Related Bills

  • S 116-27: American Miners Act of 2019
  • HR 116-1865: Further Consolidated Appropriations Act, 2020
  • S 116-671: Miners Pension Protection Act
  • HR 116-935: Miners Pension Protection Act
  • HR 116-934: Health Benefits for Miners Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
BankruptcyCoalCorporate finance and managementEmployee benefits and pensionsGovernment information and archivesGovernment trust fundsHealth care costs and insuranceLabor-management relationsMiningWorker safety and health