HR 3915 · 109th Congress 2005–2007, ended

Black Lung Disability Trust Fund Debt Restructuring Act

Fact sheet

Latest action · Sep 27, 2005 Referred to the House Committee on Ways and Means.

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. IntroducedSep 27, 2005
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Black Lung Disability Trust Fund Debt Restructuring Act - Requires the Black Lung Disability Trust Fund, on a certain refinancing date, to pay the market value of the outstanding repayable advances, plus accrued interest, by transferring into the general fund of the Treasury specified amounts derived from proceeds from obligations issued to the Secretary of the Treasury and from an appropriation to the Trust Fund under this Act.

Authorizes the Trust Fund to issue additional obligations to the Secretary if it is unable to: (1) repay those obligations issued in such initial repayment; or (2) make benefit payments and other authorized expenditures.

Amends the Internal Revenue Code to extend provisions for a temporary increase in excise tax levels related to the Trust Fund.

Cosponsors 3

Members who signed on, in the order they did. Signatures ran from Sep 28, 2005 to May 2, 2006.

SeatCosponsorSigned on
R-PAPhil EnglishSep 28, 2005
D-LAWilliam J. JeffersonNov 15, 2005
R-KYHarold RogersMay 2, 2006

Actions 2

Everything that happened, newest first.

  1. Sep 27, 2005Introduced in House
  2. Sep 27, 2005Referred to the House Committee on Ways and Means.

Subjects

Assigned by the Library of Congress. Policy area: Economics and Public Finance.

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