CARE Act

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Coal Accountability and Retired Employee Act of 2010 or CARE Act - Amends the Surface Mining Control and Reclamation Act of 1977 with respect to transfers of interest earned by the Abandoned Mine Reclamation (AMR) Fund. Requires the transfer during any fiscal year to the trustees of the 1974 United Mine Workers of America (UMWA) Pension Plan, to be used solely to pay pension benefits under such plan, of certain excess funds remaining after: (1) transfer from the AMR Fund to the UMWA Combined Benefit Fund; and (2) application of the annual $490 million cap on such transfers.

[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5479 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 5479

  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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              June 8, 2010

Mr. Rahall (for himself and Mr. Boucher) introduced the following bill; 
        which was referred to the Committee on 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Coal Accountability and Retired 
Employee Act of 2010'' or the ``CARE Act''.

SEC. 2. 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--
            (1) by striking ``Subject to'' and inserting the following:
                    ``(A) In general.--Subject to''; and
            (2) by adding at the end the following new subparagraph:
                    ``(B) Excess amounts.--
                            ``(i) 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.
                            ``(ii) 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.''.
                                 <all>