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S 2366 108th Congress Senate Economics and Public Finance Appropriations Black lung Coal Energy Excise tax Finance and Financial Sector Government securities Government trust funds Health Interest Labor and Employment Miners Public debt Tax rates Taxation Workers' compensation

Black Lung Disability Trust Fund Debt Restructuring Act

Introduced: April 29, 2004 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 29, 2004
Read twice and referred to the Committee on Finance.
Apr 29, 2004
Introduced in Senate
 Plain-English summary Congressional Research Service

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.

What's happening now April 29, 2004

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1