S 910 · 107th Congress 2001–2003, ended

Save the American Steel Industry Act of 2001

Introduced May 17, 2001 Originated Senate Sponsor John D. Rockefeller IV D-WV

Fact sheet

Latest action · May 9, 2002 Sponsor introductory remarks on measure. (CR S4086)

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedMay 17, 2001
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Save the American Steel Industry Act of 2001 - Establishes: (1) the Steelworker 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. Requires the Board to: (1) provide, under the Program, for payments to designated steelworker group health plans to assist in the funding of qualified retiree health benefits; and (2) establish policies for the Trust Fund that provide for prudent investments and low administrative costs.

Amends the Internal Revenue Code to impose on steel sold by the manufacturer, producer, or importer an excise tax whose proceeds shall be deposited into the Trust Fund.

Authorizes any person who acquires another person that produces any of the specified categories of steel products contained in this Act to apply to the Secretary of Commerce for a grant to defray the costs necessary to bring, and maintain, the resulting entity into compliance with U.S. environmental laws. Requires the Secretary to determine whether or not such mergers will promote the retention of at least 80 percent of the jobs of the steel workers and production capacity for such steel products. Sets forth penalties for failure to achieve such retention levels.

Cosponsors 6

Members who signed on, in the order they did. Signatures ran from May 17, 2001 to Jul 12, 2001, with 2 there on the day it was introduced.

SeatCosponsorSigned on
D-MNMark DaytonOriginalMay 17, 2001
D-MNPaul D. WellstoneOriginalMay 17, 2001
D-MDBarbara A. MikulskiJun 7, 2001
R-OHMike DeWineJun 7, 2001
D-MIDebbie StabenowJun 18, 2001
D-MDPaul S. SarbanesJul 12, 2001

Actions 5

Everything that happened, newest first.

  1. May 9, 2002Sponsor introductory remarks on measure. (CR S4086)
  2. May 17, 2001Introduced in Senate
  3. May 17, 2001Read twice and referred to the Committee on Finance.
  4. May 17, 2001Sponsor introductory remarks on measure. (CR S5122-5123)
  5. May 9, 2001Sponsor introductory remarks on measure. (CR S4086)

Subjects

Assigned by the Library of Congress. Policy area: Commerce.

Support LegiList

This page is free, carries no paywall, and is built and maintained by one person. If the record here is useful to you, a few dollars keeps it going.

$1 $5 $10

Processed by Stripe in a separate window. LegiList never sees card details.

Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.