[Congressional Record Volume 170, Number 62 (Thursday, April 11, 2024)]
[House]
[Page H2317]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

           By Mr. CARTWRIGHT:
       H.R. 7940.
       Congress has the power to enact this legislation pursuant 
     to the following:
       Article I, Section 8, Clause 3 (relating to the power of 
     Congress to regulate Commerce with foreign Nations, and among 
     the several States, and with the Indian Tribes.)
       The single subject of this legislation is:
       The Coal Cleanup Taxpayer Protection Act of 2024 would 
     eliminate mining companies' self-bonding practices, require 
     each state to submit an actuarial study proving a proposed 
     bond pool will be financially sound over the next five years 
     and perform a subsequent study every five years thereafter, 
     and would require the disclosure of any appraisal or 
     valuation of real property or equipment used for bonding 
     purposes and clarifying that bonding collateral that is not 
     cash, letters of credit, certificates of deposit, or treasury 
     bonds must be re-valued at least every three years.