[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 2584 Introduced in Senate (IS)]







106th CONGRESS
  2d Session
                                S. 2584

  To provide for the allocation of interest accruing to the Abandoned 
             Mine Reclamation Fund, and for other purposes.


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                   IN THE SENATE OF THE UNITED STATES

                              May 17, 2000

 Mr. Robb (for himself and Mr. Warner) introduced the following bill; 
   which was read twice and referred to the Committee on Energy and 
                           Natural Resources

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                                 A BILL


 
  To provide for the allocation of interest accruing to the Abandoned 
             Mine Reclamation Fund, 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 for the 21st Century''.

SEC. 2. TREATMENT OF CERTAIN FUNDS FOR MINER BENEFITS.

    (a) Reallocation.--Notwithstanding any other provision of law, 
interest credited to the fund established by section 401 of the Surface 
Mining Control and Reclamation Act of 1977 (30 U.S.C. 1231) not 
transferred to the Combined Fund identified in section 402(h)(2) of 
such Act prior to the date of enactment of this Act shall be 
transferred to such Combined Fund within 30 days after the enactment of 
this Act for the purpose set forth in section 402(h)(2) of the Surface 
Mining Control and Reclamation Act of 1977 (30 U.S.C. 1232(h)(2)) as 
amended by this Act.
    (b) Amendments to Surface Mining Act.--Section 402 of the Surface 
Mining Control and Reclamation Act of 1977 (30 U.S.C. 1232) is amended 
as follows:
            (1) In subsection (g)(2) strike ``including that interest 
        accruing as provided in section 401(e) and''.
            (2) In subsection (h)(2)--
                    (A) Strike ``sum of--'' and all that follows 
                through ``$70,000,000'' and insert ``sum of the amount 
                of interest which the Secretary estimates will be 
                earned and paid to the fund during the fiscal year with 
                such amount used, notwithstanding any other provision 
                of law, to pay the amount of any shortfall in any 
                premium account for any plan year under the Combined 
                Fund''.
                    (B) Strike subparagraphs (A) and (B).
            (3) Strike paragraphs (3) and (4) of subsection (h).
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