PlainBillCongress, translated.Legislation. Context. Public interest.Sponsor introductory remarks on measure. (CR S4086)
Congressional Research Service
Version 00 · Introduced in Senate · May 17, 2001
Save the American Steel Industry Act of 2001 - Establishes: (1) the Steelworker Retiree Health Care Board in the Department of Labor; (2) the Steelworker Retiree Health Care Trust Fund; and (3) the Health Care Benefit Costs Assistance Program. Requires the Board to: (1) provide, under the Program, for payments to designated steelworker group health plans to assist in the funding of qualified retiree health benefits; and (2) establish policies for the Trust Fund that provide for prudent investments and low administrative costs.Amends the Internal Revenue Code to impose on steel sold by the manufacturer, producer, or importer an excise tax whose proceeds shall be deposited into the Trust Fund.Authorizes any person who acquires another person that produces any of the specified categories of steel products contained in this Act to apply to the Secretary of Commerce for a grant to defray the costs necessary to bring, and maintain, the resulting entity into compliance with U.S. environmental laws. Requires the Secretary to determine whether or not such mergers will promote the retention of at least 80 percent of the jobs of the steel workers and production capacity for such steel products. Sets forth penalties for failure to achieve such retention levels.
People & committees
Sen. Rockefeller, John D., IV [D-WV] · D–WV
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Sponsor introductory remarks on measure. (CR S4086)
Read twice and referred to the Committee on Finance.
Sponsor introductory remarks on measure. (CR S5122-5123)
Introduced in Senate
Sponsor introductory remarks on measure. (CR S4086)
Primary sources
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Source last updated: Aug 19, 2025. Consult Congress.gov for the current record.
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