[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3454 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 3454

To amend the Emergency Steel Loan Guarantee Act of 1999 to clarify the 
         definition of qualified steel company under that Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 11, 2001

Mr. Kucinich (for himself and Mr. LaTourette) introduced the following 
    bill; which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To amend the Emergency Steel Loan Guarantee Act of 1999 to clarify the 
         definition of qualified steel company under that Act.

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

SECTION 1. FINDINGS.

    Congress finds the following:
            (1) The steel import crisis in the United States continues, 
        affecting negatively the financial position of steel companies 
        engaged in the manufacture or production of basic steel 
        products.
            (2) United States steel companies are finding it necessary 
        to reduce production and place steel mills on ``hot idle 
        status'' while such companies await remedies under United 
        States trade laws

SEC. 2. AMENDMENT TO DEFINITION OF QUALIFIED STEEL COMPANY.

    Section 101(c)(3)(B) of the Emergency Steel Loan Guarantee Act of 
1999 (Public Law 106-51) is amended by inserting after ``is engaged 
in'' the following: ``, or has placed on `hot idle status' steel mill 
facilities used in,''.
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