S. 3004

A bill to amend chapter 99 of the Internal Revenue Code of 1986 to clarify that certain coal industry health benefits may not be modified or terminated.

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II

108th CONGRESS

2d Session

S. 3004

IN THE SENATE OF THE UNITED STATES

November 18, 2004

Mr. Rockefeller introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend chapter 99 of the Internal Revenue Code of 1986 to clarify that certain coal industry health benefits may not be modified or terminated.

1.

Protection of Coal Industry Health Benefits

Section 9711(g) of the Internal Revenue Code of 1986 (relating to rules applicable to this part and part II) is amended by adding at the end the following new paragraph:

(3)

Prohibition on termination and modification of benefits

Except as provided in subsection (d), the benefits required to be provided by a last signatory operator under this chapter may not be terminated or modified by any court in a proceeding under title 11 of the United States Code or by agreement at any time when such operator is participating in such a proceeding.

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