[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3211 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 3211

 To amend the Internal Revenue Code of 1986 to provide for a temporary 
    delay in the requirement to pay certain premiums under the Coal 
              Industry Retiree Health Benefit Act of 1992.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 5, 1993

Mr. Pickle (for himself, Mr. Archer, Mr. Payne of Virginia, Mr. Andrews 
 of Texas, Mr. Houghton, Mr. McCrery, Mrs. Johnson of Connecticut, and 
   Mr. Jefferson) introduced the following bill; which was referred 
  jointly to the Committees on Ways and Means and Education and Labor

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to provide for a temporary 
    delay in the requirement to pay certain premiums under the Coal 
              Industry Retiree Health Benefit Act of 1992.

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

SECTION 1. TEMPORARY DELAY IN CERTAIN PREMIUMS.

    (a) General Rule.--Paragraph (1) of section 9704(g) of the Internal 
Revenue Code of 1986 (relating to payment of premiums) is amended by 
striking the last sentence and inserting the following: 
``Notwithstanding subsection (a), no premium shall be required under 
such subsection for the plan year beginning February 1, 1993, nor for 
the plan year beginning October 1, 1993, but the amount of the annual 
premiums which, but for this sentence, would have been required for 
such plan years shall be added to the premium for the plan year 
beginning October 1, 1994.''.
    (b) Special Rules for Deferral Period.--
            (1) In general.--Subparagraph (A) of section 9704(i)(1) of 
        such Code is amended--
                    (A) by adding at the end thereof the following new 
                sentence: ``During the plan year of the Combined Fund 
                beginning October 1, 1993, the 1988 agreement operators 
                shall make contributions to the Combined Fund in 
                amounts necessary to pay benefits and administrative 
                costs of the Combined Fund incurred during such year, 
                reduced by the amount transferred to the Combined Fund 
                under section 9705(a) on October 1, 1993, and the 
                amount transferred to such Fund pursuant to the last 
                sentence of section 9705(a)(1).'', and
                    (B) by amending the subparagraph heading to read as 
                follows:
                    ``(A) Initial period costs.--''.
            (2) Special rule.--Clause (i) of section 9704(i)(1)(D) of 
        such Code is amended to read as follows:
                            ``(i) Initial period payments.--In the case 
                        of a 1988 agreement operator making 
                        contributions under subparagraph (A), the 
                        premium of such operator under subsection (a) 
                        shall be reduced by the amount paid under 
                        subparagraph (A) by such operator. If such 1988 
                        agreement operator is not assessed an annual 
                        premium under subsection (a), then the amount 
                        paid by such operator under subparagraph (A) 
                        for the plan year beginning October 1, 1993, 
                        shall be transferred on October 1, 1994, to the 
                        United Mine Workers of America 1992 Benefit 
                        Plan and credited against such operator's 
                        future liabilities to such 1992 Benefit 
                        Plan.''.
    (c) Earlier Transfer of Assets.--Paragraph (1) of section 9705(a) 
of such Code is amended--
            (1) by striking ``$70,000,000'' in subparagraph (C) and 
        inserting ``$20,000,000'', and
            (2) by adding at the end thereof the following new 
        sentence:
        ``As soon as practicable after the date of the enactment of 
        this sentence, such board of trustees shall transfer 
        $50,000,000 from the funds so reserved to the Combined Fund.''.
    (d) Effective Date.--The amendments made by this section shall take 
effect on October 1, 1993.

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