II
112th CONGRESS
1st Session
S. 621
IN THE SENATE OF THE UNITED STATES
March 17, 2011
Mr. Rockefeller introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources
A BILL
To amend the Surface Mining Control and Reclamation Act of 1977 to provide for use of excess funds available under that Act to provide for certain benefits, and for other purposes.
Short title
This Act may be cited as the
Coal Accountability and Retired
Employee Act of 2011
or the CARE Act
.
Amendment of Surface Mining Control and Reclamation Act of 1977
Section 402(i)(2) of the Surface Mining Control and Reclamation Act of 1977 (30 U.S.C. 1232(i)(2)) is amended—
by striking
Subject to
and inserting the following:
In general
Subject to
; and
by adding at the end the following:
Excess amounts
In general
Subject to paragraph (3), and after all transfers referred to in paragraph (1) and subparagraph (A) of this paragraph have been made, any amounts remaining after the application of paragraph (3)(A) (without regard to this subparagraph) shall be transferred to the trustees of the 1974 UMWA Pension Plan and used solely to pay pension benefits required under such plan.
1974 UMWA Pension Plan
In this subparagraph, the term 1974 UMWA Pension Plan means a pension plan referred to in section 9701(a)(3) of the Internal Revenue Code of 1986 but without regard to whether participation in such plan is limited to individuals who retired in 1976 and thereafter.
.