I
107TH CONGRESS
2D SESSION
H. R. 4574
To facilitate the consolidation and rationalization of the steel industry, and
for other purposes.
IN THE HOUSE OF REPRESENTATIVES
APRIL 24, 2002
Mr. ENGLISH (for himself, Mr. REGULA, Ms. HART, Mr. ADERHOLT, Mr.
GEKAS, and Mr. SHIMKUS) introduced the following bill; which was re-
ferred to the Committee on Ways and Means, and in addition to the
Committees on Education and the Workforce, and Energy and Com-
merce, for a period to be subsequently determined by the Speaker, in
each case for consideration of such provisions as fall within the jurisdic-
tion of the committee concerned
A BILL
To facilitate the consolidation and rationalization of the steel
industry, and for other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE; CONGRESSIONAL FINDINGS.
(a) SHORT TITLE.—This Act may be cited as the
‘‘Steel Industry Legacy Relief and Transition Act of
2002’’.
(b) CONGRESSIONAL
FINDINGS.—Congress finds
that—
(1) the United States steel industry has been
severely harmed by a record surge of steel imports
into the United States;
(2) this surge in imports has resulted in the
loss of more than 45,000 steel worker jobs, and is
the cause of 33 bankruptcies;
(3) the import surge has also forced the United
States steel industry into reduced volume, lower
prices, and financial losses;
(4) on October 22, 2001, the International
Trade Commission found that the domestic steel in-
dustry has been severely injured by the import
surge;
(5) the United States steel industry has signifi-
cant unfunded pension liabilities;
(6) the United States steel industry has massive
retiree 
health 
care 
liabilities 
that 
total
$13,000,000,000 and cost the steel industry almost
$1,000,000,000 annually;
(7) these pension and health care liabilities pose
a significant barrier to steel industry consolidation
and rationalization actions that could improve the fi-
nancial condition of the industry and reduce the ad-
verse impact of foreign imports;
(8) steel bankruptcies, job losses, and financial
losses are having a severe adverse effect on the Na-
tion’s economy and having serious negative effects
on the tax base of cities, counties, and States, and
on the essential health, education, and other services
that Federal, State, and local government entities
provide to their citizens;
(9) a strong steel industry is necessary to a
healthy economy and to the defense preparedness of
the United States; and
(10) expedited antitrust review procedures for
transactions that will restructure the steel industry
in the United States are necessary to support the
President’s efforts to negotiate solutions to inter-
national trade problems and to facilitate the most ef-
fective adjustment of the domestic steel industry to
global competition.
TITLE 
I—AMENDMENTS 
TO
TITLE II OF THE TRADE ACT
OF 1974
SEC. 101. ASSISTANCE FOR STEEL INDUSTRY.
(a) IN GENERAL.—Title II of the Trade Act of 1974
is amended by striking chapter 4 and inserting the fol-
lowing new chapter:
‘‘CHAPTER 4—ASSISTANCE FOR STEEL
INDUSTRY LEGACY COSTS
‘‘Subchapter A—Eligibility and Applications
‘‘SEC. 266. STEEL INDUSTRY LEGACY RELIEF PROGRAM.
‘‘There is established in the Department of Labor a
Steel Industry Legacy Relief Program to be administered
by the Secretary of Labor (in this chapter referred to as
the ‘‘Secretary’’) for the purpose of providing certain post-
employment retiree health benefits previously provided by
qualified steel companies purchased or otherwise acquired
by an eligible buyer in accordance with this chapter.
‘‘SEC. 266A. DEFINITIONS.
‘‘In this chapter:
‘‘(1) QUALIFIED ACQUISITION.—
‘‘(A) IN
GENERAL.—The term ‘qualified
acquisition’ means a transaction through which
a qualified steel company purchases or other-
wise acquires, either through stock or asset ac-
quisition, all or substantially all of the
steelmaking assets of another qualified steel
company, in any case in which the acquiring
company (and the ultimate parent among the
members of the acquiring company’s controlled
group) and the company whose steelmaking as-
sets are acquired are incorporated under the
laws of a State.
‘‘(B) SPECIAL RULE.—An acquisition shall
not be disqualified from being a qualified acqui-
sition if the eligible buyer does not purchase or
otherwise acquire a facility that has ceased op-
erations.
‘‘(2) QUALIFIED STEEL COMPANY.—The term
‘qualified steel company’ means any person if such
person, or any member of such person’s controlled
group, was engaged, on January 1, 2000, in steel-
based operations.
‘‘(3) STEEL-BASED
OPERATIONS.—The term
‘steel-based operations’ means—
‘‘(A) the production and manufacture of a
product defined by the American Iron and Steel
Institute as a basic steel mill product, including
ingots, slab and billets, plates, flat-rolled steel,
sections and structural products, bars, rail type
products, pipe and tube, and wire rod;
‘‘(B) the mining or processing of iron ore
or beneficiated iron ore products;
‘‘(C) the production of coke for use in a
steel mill product described in subparagraph
(A); and
‘‘(D) the transportation of a product by a
person solely or principally for another person
engaged in operations described in subpara-
graph (A), (B), or (C), but only if the person
transporting the product is a member of that
other person’s controlled group.
‘‘(4) STEEL-MAKING ASSETS.—The term ‘steel-
making assets’ means the land, buildings, machin-
ery, equipment, and other assets that, at any time
on or after January 1, 2000, was used in—
‘‘(A) the production, manufacturing, or
distribution of products described in paragraph
(3)(A);
‘‘(B) the mining, processing, or distribu-
tion of iron ore or beneficiated iron ore prod-
ucts;
‘‘(C) the production of coke for use in a
steel mill product described in paragraph
(3)(A); or
‘‘(D) the transportation of a product by a
person solely or principally for another person
engaged in operations described in subpara-
graph (A), (B), or (C), but only if the person
transporting the product is a member of that
other person’s controlled group.
‘‘(5) STEEL RETIREE HEALTH BENEFIT.—
‘‘(A) IN GENERAL.—The term ‘steel retiree
health benefit’ means a retiree health benefit
provided under an employee benefit plan, as in
effect on the date of the enactment of this
chapter, in any case in which—
‘‘(i) such plan is maintained on such
date by a qualified steel company, or a
qualified steel company is obligated on
such date to contribute to such plan under
an agreement entered into by such com-
pany and an employee organization rep-
resenting employees of such company, and
‘‘(ii) such plan, as so in effect, pro-
vides such benefit to a participant or a
participant’s beneficiary in connection with
such participant’s retirement under the
plan.
‘‘(B) BENEFITS
UNDER
ACQUIRED
COM-
PANY’S PLAN TREATED AS RETIREE HEALTH
BENEFITS.—Such term includes any benefit
treated under applicable law in connection with
a qualified acquisition as a retiree health ben-
efit provided to a participant or a participant’s
beneficiary by a plan to which the acquired
company is obligated to contribute, irrespective
of whether or to what extent the participant
was employed by the acquired company.
‘‘(6) ACQUIRED COMPANY.—The term ‘acquired
company’ means a qualified steel company all or
substantially all of whose steelmaking assets are
purchased or otherwise acquired in a qualified acqui-
sition.
‘‘(7) ELIGIBLE
BUYER.—The term ‘eligible
buyer’ means a qualified steel company that meets
the requirements for carrying out a qualified acquisi-
tion.
‘‘(8) COVERED BENEFITS.—The term ‘covered
benefits’ means—
‘‘(A) steel retiree health benefits of any
participant under any employee benefit plan
sponsored by an acquired company, as of the
date of acquisition, including benefits that are
attributable to rationalization, except that the
term does not include steel retiree health care
benefits provided by actively operating nonsteel
subsidiaries of an acquired company;
‘‘(B) steel retiree health benefits for em-
ployees of an eligible buyer that are attributable
to rationalization; and
‘‘(C) steel retiree health benefits provided
by a closed company as of the date the com-
pany ceases to operate.
‘‘(9) RATIONALIZATION.—The term ‘rational-
ization’ means—
‘‘(A) the voluntary or involuntary termi-
nation of an employee of an acquired company
that occurs within five years after the con-
summation of the qualified acquisition; or
‘‘(B) the voluntary or involuntary termi-
nation of an employee of an eligible buyer pur-
suant to an action by the eligible buyer de-
signed to reduce production capacity that oc-
curs within five years after the consummation
of a qualified acquisition.
‘‘(10) CLOSED
COMPANY.—The term ‘closed
company’ means—
‘‘(A) a qualified steel company that ceases
operations (as defined by the Secretary) on or
after January 1, 2000, and which has disman-
tled its facilities, or which the Secretary cer-
tifies is incapable of operating in the future due
to facility conditions, operating costs, or similar
reasons; or
‘‘(B) a qualified steel company which on or
after January 1, 2000, and before May 1,
2002, has dissolved and is no longer liable for
the provision of steel retiree health benefits.
‘‘(11) CONTROLLED
GROUP.—The term ‘con-
trolled group’ has the meaning given that term in
section 52(a) of the Internal Revenue Code of 1986.
‘‘(12) BOARD.—The term ‘Board’ means the
Steel Transition Board established under section
269.
‘‘(13) STATE.—The term ‘State’ means any
State, the District of Columbia, and any territory or
possession of the United States.
‘‘(14) OTHER TERMS.—Any term used in this
chapter that is not defined in this section and is de-
fined in section 3 or 4001(a)(14(A) of the Employee
Retirement Income Security Act of 1974 shall have
the meaning given that term in such section 3 or
4001(a)(14)(A) of that Act.
‘‘SEC. 266B. PETITIONS AND DETERMINATIONS.
‘‘(a) FILING OF PETITIONS.—A petition for a certifi-
cation of eligibility for assistance under this chapter may
be filed with the Secretary by—
‘‘(1) an eligible buyer that makes a qualified ac-
quisition or rationalization, or its representative, or
‘‘(2) a person eligible for covered benefits, or
that person’s representative.
‘‘(b) CERTIFICATION OF ELIGIBLE BUYER.—
‘‘(1) EFFECT
AND
BASIS
OF
DETERMINA-
TION.—If the Secretary provides a certification that
an eligible buyer is eligible for assistance under this
chapter with respect to covered benefits, the eligible
buyer shall not be obligated to provide such covered
benefits to any person or entity. The Secretary shall
certify steel retiree health benefits as eligible for cov-
erage under section 267 if the Secretary determines
that—
‘‘(A) the steel retiree health benefits are
covered benefits within the meaning of section
266A; and
‘‘(B) all assets, as determined in accord-
ance with rules prescribed by the Secretary,
which, under the terms of an applicable collec-
tive bargaining agreement, were required to be
set aside under an employee benefit plan or oth-
erwise for the provision of the steel retiree ben-
efits the liability for which is relieved by oper-
ation of this subsection, are identified and
available for transfer to the Steel Industry Leg-
acy Relief Trust Fund as of the date of con-
summation of the qualified acquisition.
The assets required to be transferred under sub-
paragraph (B) shall not include voluntary contribu-
tions, including voluntary contributions made pursu-
ant to a voluntary employees beneficiary association
trust.
‘‘(2) 
DETERMINATION
OF
TRANSFER
AMOUNT.—The amount of the assets to be trans-
ferred under paragraph (1)(B) shall be determined
at the time of the certification under this subsection
and shall include interest from the time of the deter-
mination to the time of transfer. Such amount shall
be reduced by any payments from such assets which
are made, after the determination, by the qualified
steel company or applicable acquiring company for
the provision of steel retiree benefits for which such
assets were set aside and the liability for which is
relieved by operation of this subsection.
‘‘(3) TRANSFER OF FUNDS.—Upon making a
certification under paragraph (1), or on the date of
the consummation of the qualified acquisition,
whichever occurs later, the Secretary shall ensure
that the funds described in paragraph (1)(B) are
transferred to the Steel Industry Legacy Relief
Trust Fund.
‘‘(c) CONTRIBUTION REQUIREMENTS.—
‘‘(1) IN GENERAL.—If under subsection (b) the
Secretary certifies steel retiree health benefits of an
acquired company as eligible for coverage under sec-
tion 267, the eligible buyer shall pay to the Trust
Fund for each of the years in the 10-year period be-
ginning on the date of consummation of the applica-
ble qualified acquisition the amount determined
under paragraph (2) with respect to the steelmaking
assets acquired by such company or person.
‘‘(2) AMOUNT OF LIABILITY.—
‘‘(A) IN GENERAL.—The amount required
to be paid under paragraph (1) for any year
shall be equal to $5 per ton of products de-
scribed in section 266A(3)(A), (B), and (C)
that are attributable to the steelmaking assets
of a qualified steel company that are the subject
of a qualified acquisition and are transported to
a person other than a member of the controlled
group of that qualified steel company.
‘‘(B) REDUCTIONS
IN
LIABILITY.—The
amount of any liability under subparagraph (A)
for any year shall be reduced by the amount of
any assets transferred to the Trust Fund under
subsection (b)(3), reduced by any portion of
such amount applied to a liability for any pre-
ceding year.
‘‘(d) CERTIFICATION
OF CLOSED COMPANY.—The
Secretary shall certify a steel company as a closed com-
pany if the Secretary determines that the company is a
closed company under section 266A(10).
‘‘(e) CERTIFICATION OF PERSONS.—The Secretary
shall certify a person as eligible for assistance under sec-
tion 267 if the Secretary determines that such person is
eligible to receive covered benefits.
‘‘(f) TIMING
OF CERTIFICATIONS.—The Secretary
shall make a determination on a petition under this sec-
tion as soon as possible after the date on which the peti-
tion is filed, but in any event not later than 60 days after
the filing date.
‘‘(g) MAKING DETERMINATIONS PRIOR TO ACQUISI-
TION.—The Secretary shall provide for making determina-
tions of eligibility under this section before the date of con-
summation of the applicable qualified acquisition if a peti-
tion for certification is submitted 60 days or more in ad-
vance of such date.
‘‘Subchapter B—Assistance
‘‘SEC. 267. PAYMENT OF PREMIUMS FOR RETIREE HEALTH
BENEFITS.
‘‘The Secretary shall provide for the purchase of cov-
erage of steel retiree health benefits for retirees, surviving
spouses, and dependents who are certified to be eligible
for assistance pursuant to determinations made under sec-
tion 266B.
‘‘SEC. 267A. COMMENCEMENT OF COVERAGE.
‘‘(a) IN GENERAL.—Subject to subsection (b), if eli-
gibility for assistance under this chapter has been deter-
mined before the date of consummation of a qualified ac-
quisition or a rationalization, coverage under section 267
shall begin as of the date of consummation or rationaliza-
tion.
‘‘(b) LIMITATION.—Payment of benefits under sub-
section (a) shall be effective only if funds identified pursu-
ant to section 266B(b)(2) with respect to the acquired
company are transferred to the Steel Industry Legacy Re-
lief Trust Fund as of the date of consummation of the
qualified acquisition.
‘‘SEC. 267B. EXTENT OF BENEFIT COVERAGE.
‘‘Benefit coverage for a person under section 267
shall not exceed the steel retiree health benefit coverage
for which the person would otherwise have been eligible.
‘‘SEC. 267C. CONTRACT AUTHORITY.
‘‘The Secretary shall enter into such contracts as the
Secretary considers necessary to provide for adequate geo-
graphic coverage and to provide for adequate cost controls
for the benefits provided under section 267.
‘‘SEC. 267D. COSTS.
‘‘The cost of assistance provided pursuant to section
267 shall be paid from the Steel Industry Legacy Relief
Trust Fund.
‘‘Subchapter C—Steel Industry Legacy Relief
Trust Fund
‘‘SEC. 268. ESTABLISHMENT.
‘‘There is established in the Treasury of the United
States a trust fund to be known as the ‘Steel Industry
Legacy Relief Trust Fund’ (hereinafter in this chapter re-
ferred to as the ‘Trust Fund’), consisting of such amounts
as may be appropriated or credited to the Trust Fund as
provided in this subchapter.
‘‘SEC. 268A. DUTIES ON STEEL PRODUCTS.
‘‘There shall be deposited into the Trust Fund
amounts equivalent to the duties on imports of basic steel
mill products described in section 266A(3)(A) that are col-
lected as a result of action taken under title II of the
Trade Act of 1974 with respect to imports of such prod-
ucts.
‘‘SEC. 268B. VEBA FUNDS.
‘‘There shall be deposited into the Trust Fund the
amounts of all funds described in section 266B(b)(1)(B)
which are transferred to the Trust Fund pursuant to an
acquisition of an acquired company.
‘‘SEC. 268C. CONTRIBUTIONS.
‘‘There shall be deposited into the Trust Fund the
amounts of all contributions described in section 266B(c)
which are paid to the Trust Fund pursuant to the acquisi-
tion of an acquired company.
‘‘SEC. 268D. ADDITIONAL FUNDS.
‘‘There are hereby authorized to be appropriated to
the Trust Fund such additional sums as may be required
to make the expenditures referred to in section 267.
‘‘SEC. 268E. USE OF AMOUNTS IN TRUST FUND.
‘‘Amounts in the Trust Fund shall be available for
making expenditures to meet those obligations of the
United States—
‘‘(1) incurred under this chapter; and
‘‘(2) for those portions of the administrative ex-
penses of the Department of Labor which are attrib-
utable to activities described in this chapter.
‘‘SEC. 268F. PAYMENT TO SECRETARY OF LABOR.
‘‘The Secretary of the Treasury shall pay from time
to time from the Trust Fund such amounts as the Sec-
retary of Labor certifies are necessary to make the ex-
penditures provided for by this chapter, and the payments
of administrative expenses referred to in section 268E(2).
‘‘SEC. 268G. DUTIES OF SECRETARY OF THE TREASURY.
‘‘(a) MANAGEMENT OF FUND.—It shall be the duty
of the Secretary of the Treasury to hold and manage the
Trust Fund.
‘‘(b) REPORT TO CONGRESS.—The Secretary of the
Treasury shall report to the Congress, not later than De-
cember 31 of each year, on the financial condition and
the results of the operations of the Trust Fund during
the preceding fiscal year and on its expected condition and
operations during the current and succeeding 4 fiscal
years. Such report shall be printed as a document of the
House of Representatives of the session of the Congress
in which the report is made.
‘‘(c) INVESTMENT OF AMOUNTS IN TRUST FUND.—
The Secretary of the Treasury shall invest such portion
of the Trust Fund as is not, in the judgment of the Sec-
retary, required to meet current withdrawals.
‘‘Subchapter D—Steel Transition Board
‘‘SEC. 269. STEEL TRANSITION BOARD.
‘‘(a) ESTABLISHMENT.—There is established the
Steel Transition Board to review and approve or dis-
approve applications for expedited antitrust review under
section 269A of this Act.
‘‘(b) COMPOSITION.—The Board shall consist of—
‘‘(1) the Secretary or the designee of the Sec-
retary;
‘‘(2) the Secretary of Commerce or the designee
of the Secretary; and
‘‘(3) the Attorney General or the designee of
the Attorney General.
‘‘SEC. 269A. PETITIONS FOR APPROVAL.
‘‘(a) PETITION.—A petition for a certification of eli-
gibility for assistance under this chapter may include an
application for expedited antitrust review by the Board.
‘‘(b) EXPEDITED REVIEW.—An application for expe-
dited antitrust review of a transaction by the Board shall
include 3 copies of any premerger notification materials
filed by any person under section 7A of the Clayton Act
(15 U.S.C. 18a) for such transaction, and any other infor-
mation required by the Board.
‘‘(c) DISCLOSURE.—Any information or documentary
material filed with the Board pursuant to this section shall
be exempt from disclosure under section 552 of title 5,
United States Code, and no such information or documen-
tary material may be made public, except as may be rel-
evant to any administrative or judicial action or pro-
ceeding. Nothing in this section is intended to prevent dis-
closure of such information or documentary material to
any representative of the Board or to the Congress (in-
cluding any duly authorized committee of the Congress).
‘‘(d) RULES.—Not later than 90 days after the date
of enactment of this subchapter, the Secretary of Labor
shall issue rules governing applications for expedited anti-
trust review and review of such applications by the Board.
Such rules shall specify any information to be provided
by applicants under this section, the procedures for hear-
ing and presenting evidence relevant to such applications,
and other matters determined to be appropriate by the
Secretary.
‘‘(e) DETERMINATION.—Not later than 120 days
after the Board determines that an application under this
section is substantially complete, the Board shall approve,
disapprove, or approve such application subject to condi-
tions.
‘‘(f) REVIEW.—Any person with a substantial interest
in a final decision by the Board may obtain review of such
decision in the United States Court of Appeals for the Dis-
trict of Columbia Circuit, by filing a written petition with-
in 30 days from the date of the final decision. A copy of
such petition shall be transmitted forthwith by the clerk
of the court to the Board. It shall be the duty of the senior
judge of the court, qualified to participate in the consider-
ation of the case on the merits, to designate immediately
3 circuit judges of the court, 1 of whom shall be such
qualified senior judge and the other 2 of whom shall be
2 circuit judges next in order of seniority to such qualified
senior judge, to hear and determine the appeal in such
case. It shall be the duty of the court, so comprised, to
assign the case for argument at the earliest practicable
date and to hear and determine the same. The decision
of the 3 circuit judges so designated, or of a majority in
number thereof, shall be final, and there shall be no review
of such decision by additional circuit judges. The findings
of the Board as to the facts, if supported by evidence, shall
be conclusive. The conclusions of law of the Board may
be set aside only if the court finds they are arbitrary and
capricious. A decision by the court under this section is
reviewable only by the Supreme Court under section 1254
of title 28, United States Code.
‘‘SEC. 269B. ANTITRUST LAWS.
‘‘(a) APPLICATION OF THE ANTITRUST LAWS.—The
antitrust laws shall not apply to any transaction approved
by the Board pursuant to this subchapter.
‘‘(b) DEFINITION.—For purposes of this subchapter,
the term ‘antitrust laws’—
‘‘(1) has the meaning given it in subsection (a)
of the first section of the Clayton Act (15 U.S.C.
12(a)), except that such term includes section 5 of
the Federal Trade Commission Act (15 U.S.C. 45)
to the extent such section 5 applies to unfair meth-
ods of competition; and
‘‘(2) includes any State law similar to the laws
referred to in paragraph (1).
‘‘SEC. 269C. STANDARD FOR APPROVAL.
‘‘(a) QUALIFIED ACQUISITIONS.—In its expedited
antitrust review of applications under this subchapter, the
Board shall determine whether the application relates to
a qualified acquisition within the meaning of section 266A.
‘‘(b) PUBLIC INTEREST.—If the Board determines
that the application relates to a qualified acquisition, the
Board shall determine whether any transaction or trans-
actions to which the application relates is in the public
interest. In making such determination, the Board shall
consider both conventional standards of antitrust law and
the establishment of a globally competitive domestic steel
industry, taking into account—
‘‘(1) the global nature of competition in steel
markets;
‘‘(2) the urgent need for the steel industry in
the United States to adjust to current and future
global market conditions; and
‘‘(3) the national security and foreign policy ob-
jectives of the United States, including international
comity.
‘‘SEC. 269D. SUNSET.
‘‘This subchapter is repealed 7 years after the date
of the enactment of this subchapter.
‘‘Subchapter E—General Provisions
‘‘SEC. 270. RECORDKEEPING.
‘‘(a) PROVIDING RECORDS TO THE SECRETARY.—
Each eligible buyer receiving assistance under this chapter
shall provide to the Secretary records from the acquired
company acquired by that eligible buyer which fully dis-
close the nature and amount of covered benefits related
to the acquired company’s employee benefit plans which
will facilitate the accurate determination and subsequent
maintenance of coverage by the Secretary pursuant to sec-
tions 266B and 267. An eligible buyer shall provide such
other records as the Secretary may prescribe in connection
with the determination of eligibility for coverage and the
administration of coverage.
‘‘(b) KEEPING RECORDS.—Any entity that receives
payments from the Secretary under section 267 shall keep
such records as the Secretary may prescribe.
‘‘SEC. 270A. PENALTIES.
‘‘Whoever makes a false statement of a material fact
knowing it to be false, or knowingly fails to disclose a ma-
terial fact, or whoever willfully overvalues any obligation,
for the purpose of obtaining money, property, or anything
of value under this chapter, shall be fined not more than
$5,000, or imprisoned for not more than 2 years, or both.
‘‘SEC. 270B. CIVIL ACTIONS.
‘‘In providing financial assistance under this chapter,
the Secretary may sue and be sued in any court of record
of a State having general jurisdiction or in any United
States district court, and such jurisdiction is conferred
upon such district court to determine such controversies
without regard to the amount in controversy, except that
no attachment, injunction, garnishment, or other similar
process, mesne or final, shall be issued against the Sec-
retary or the property of the Secretary. Nothing in this
section shall be construed to except the activities pursuant
to section 267 from the application of sections 516, 547,
and 2679 of title 28, United States Code.
‘‘SEC. 270C. REGULATIONS.
‘‘The Secretary shall prescribe such regulations as
may be necessary to carry out the provisions of this chap-
ter.’’.
(b) CONFORMING AMENDMENT.—The table of con-
tents of the Trade Act of 1974 is amended by striking
the items relating to chapter 4 of title II and inserting
the following:
‘‘CHAPTER 4—ASSISTANCE FOR STEEL INDUSTRY LEGACY COSTS
‘‘SUBCHAPTER A—ELIGIBILITY AND APPLICATIONS
‘‘Sec. 266. Steel Industry Legacy Relief Program.
‘‘Sec. 266A. Definitions.
‘‘Sec. 266B. Petitions and determinations.
‘‘SUBCHAPTER B—ASSISTANCE
‘‘Sec. 267. Payment of premiums for retiree health benefits.
‘‘Sec. 267A. Commencement of coverage.
‘‘Sec. 267B. Extent of benefit coverage.
‘‘Sec. 267C. Contract authority.
‘‘Sec. 267D. Costs.
‘‘SUBCHAPTER C—STEEL INDUSTRY LEGACY RELIEF TRUST FUND
‘‘Sec. 268. Establishment.
‘‘Sec. 268A. Duties on steel products.
‘‘Sec. 268B. VEBA funds.
‘‘Sec. 268C. Contributions.
‘‘Sec. 268D. Additional funds.
‘‘Sec. 268E. Use of amounts in trust fund.
‘‘Sec. 268F. Payment to Secretary of Labor.
‘‘Sec. 268G. Duties of Secretary of the Treasury.
‘‘SUBCHAPTER D—STEEL TRANSITION BOARD
‘‘Sec. 269. Steel Transition Board.
‘‘Sec. 269A. Petitions for approval.
‘‘Sec. 269B. Antitrust laws.
‘‘Sec. 269C. Standard for approval.
‘‘Sec. 269D. Sunset.
‘‘SUBCHAPTER E—GENERAL PROVISIONS
‘‘Sec. 270. Recordkeeping.
‘‘Sec. 270A. Penalties.
‘‘Sec. 270B. Civil actions.
‘‘Sec. 270C. Regulations.’’.
SEC. 102. EFFECTIVE DATE.
The amendments made by this title shall take effect
on the date of the enactment of this Act.