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Steel Industry Legacy Relief Act of 2002

Introduced: May 2, 2002 See on congress.gov
 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 13, 2002
Referred to the Subcommittee on Employer-Employee Relations.
Sep 10, 2002
Subcommittee Hearings Held.
May 17, 2002
Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
May 2, 2002
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 2, 2002
Introduced in House
 Plain-English summary Congressional Research Service
Steel Industry Legacy Relief Act of 2002 - Amends the Trade Act of 1974 to establish a steel industry retiree benefits protection program administered by the Secretary of Commerce and the Board of Trustees of the Steel Industry Legacy Relief Trust Fund (created by this Act) to provide specified medical benefits to eligible steel retirees and beneficiaries.

Prescribes qualifying events (acquisition, closing, election, or bankruptcy transfer) as a result of which the United States shall assume liability for the provision of steel retiree benefits for each eligible retiree and eligible beneficiary certified for participation in the retiree benefits program.

Requires transfer to the Trust Fund by a qualified steel company and any applicable acquiring company of all assets which, under the terms of an applicable collective bargaining agreement, were required to be set aside under an employee benefit plan or otherwise for the provision of the steel retiree benefits. Requires contributions to the Trust Fund by such companies.

What's happening now September 13, 2002

Referred to the Subcommittee on Employer-Employee Relations.

 Committees of jurisdiction 4