<div> 05.24.19   <table><tr><td colspan="8">CAPITO, BROWN, PORTMAN, CASEY INTRODUCE BILL TO</td><td> </td></tr><tr><td colspan="8">PROTECT STEEL JOBS, IMPROVE ENVIRONMENT</td><td> </td></tr><tr><td colspan="8">Kelly, Doyle introduction companion legislation in House of Representatives</td><td> </td></tr><tr><td> </td><td colspan="7">– U.S. Senators Shelley Moore Capito (R-W.Va.), Sherrod Brown (D-Ohio), Rob</td><td> </td></tr><tr><td colspan="5">Portman (R-Ohio), and Bob Casey (D-Pa.) introduced the</td><td> </td><td> </td><td>, legislation to</td><td> </td></tr><tr><td>WASHINGT N, D.C.</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td colspan="8">help support jobs in this economically important industry while also improving the environment. The</td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td><a href="https://www.capito.senate.gov/download/05-23-2019-steel-industry-preservation-act">Steel Industry</a></td><td><a href="https://www.capito.senate.gov/download/05-23-2019-steel-industry-preservation-act">reserva ion Act</a></td><td>hazardous waste</td><td> </td></tr><tr><td colspan="7">bipartisan bill would eliminate an Environmental Protection Agency (EPA)-designated</td><td> </td><td> </td></tr><tr><td colspan="6">and save energy by incentivizing the production of steel industry fuel.</td><td> </td><td> </td><td> </td></tr><tr><td colspan="8">“The steel industry is an important part of our economy and critical to American manufacturing, energy</td><td> </td></tr><tr><td colspan="8">production, and even national security. It also creates thousands of jobs for West Virginians and for</td><td> </td></tr><tr><td colspan="3">others across the country,”</td><td> </td><td colspan="4">. “This bipartisan legislation will help preserve and grow</td><td> </td></tr><tr><td colspan="8">this vital industry while providing environmental benefits at the same time. It’s an example of exactly the</td><td> </td></tr><tr><td> </td><td> </td><td> </td><td colspan="2">Senator Capito said</td><td> </td><td> </td><td> </td><td> </td></tr><tr><td colspan="8">kind of solutions we need to focus on right now—commonsense measures that will help improve both</td><td> </td></tr><tr><td colspan="4">our economy and our environment.”</td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td colspan="8">“Steel production can help dispose of hazardous waste and recycle it into new products that help our</td><td> </td></tr><tr><td colspan="2">steel industry compete,”</td><td> </td><td> </td><td colspan="4">. “This tax credit will encourage companies to produce steel,</td><td> </td></tr><tr><td colspan="6">cut down on production costs, and support jobs in our steel industry.”</td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td colspan="2">Senate Brown said</td><td> </td><td> </td><td> </td><td> </td><td> </td></tr></table> <table><tr><td colspan="5">“Steel is the lifeblood of the American economy, and yet that industrial capacity is threatened by global</td><td> </td></tr><tr><td colspan="4">overcapacity in steel, driven by nonmarket practices in China and other countries. The</td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td colspan="2">will ensure the continued vitality of the American steel industry and the success of its</td><td> </td></tr><tr><td>workers,”</td><td> </td><td> </td><td> </td><td>Steel Indu try</td><td> </td></tr><tr><td> </td><td> </td><td> </td><td colspan="2"><div class="indented"><div class="indented">. “This bill will support these jobs and our economy by making steel less</div></div></td><td> </td></tr><tr><td colspan="3">Preservation Act</td><td> </td><td> </td><td> </td></tr><tr><td colspan="5">expensive to produce, which in turn will make our domestic product more competitive on the world</td><td> </td></tr><tr><td>stage.”</td><td colspan="3">Senator Portman said</td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td colspan="5">“Pennsylvania steel built this nation and we should honor that important contribution by working to</td><td> </td></tr><tr><td colspan="4">support the industry when we can. We must also work to preserve the Nation’s rich</td><td> </td><td> </td></tr><tr><td colspan="2">environment,”</td><td> </td><td colspan="2"><div class="indented"><div class="indented">. “This bipartisan legislation does just that and also works to grow</div></div></td><td> </td></tr><tr><td colspan="4">jobs. I’m proud to join my colleagues in this effort.”</td><td> </td><td> </td></tr><tr><td> </td><td> </td><td colspan="2">Senator Casey said</td><td> </td><td> </td></tr></table>Steel industry fuel is produced through a process of liquefying coal waste sludge—and EPA-designated hazardous waste—distributing the liquefied product on metallurgical coal, and using the resulting mixture as a feedstock for the manufacture of coke.The will create a tax credit worth $2 per barrel of oil equivalent for the production of steel industry fuel made at a steel industry fuel facility placed in service within 18 monthsSteel I dury Prcreditservation Actof enactment. The will extend for 10 years from the date the facility is placed in service. Incentivizing the production of steel industry fuel will help preserve the domestic steel industry, make efficient use of our energy resources, and improve our environment. U.S. Congressmen Mike Kelly (R-Pa.) and Mike Doyle (D-Pa.) introduced companion legislation in the House of Representatives. <table><tr><td colspan="7">“Western Pennsylvania has a rich history of steel production, which is making a roaring comeback in</td></tr><tr><td colspan="7">today’s economy. Our work isn’t done, however. There is still much more we can do to bring down the</td></tr><tr><td colspan="2">cost of steel to grow the industry and create more jobs,”</td><td> </td><td> </td><td colspan="2">. “The</td><td> </td></tr><tr><td> </td><td colspan="6">will create a tax credit for the production of steel industry fuel. We need to eliminate</td></tr><tr><td> </td><td> </td><td colspan="2">Congr ssman Kelly sai</td><td> </td><td> </td><td>S eel Industry</td></tr><tr><td colspan="3">barriers to new growth, and I am a proud of sponsor of this legislation which</td><td colspan="2">would</td><td colspan="2">do just that!”</td></tr><tr><td>Preserva ion Act</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr></table> <table><tr><td colspan="7">“I support the Steel Industry P eservation Act because it will help make American steel mills more</td></tr><tr><td colspan="7">competitive, help U.S. steelworkers keep their jobs, and promote the cleanup of coal-mining waste in</td></tr><tr><td colspan="2">Pennsylvania communities,”</td><td colspan="4">Congressman Doyle said</td><td>.</td></tr><tr><td colspan="6">More information on the bill is available here.</td><td> </td></tr><tr><td colspan="4">Legislative text is available here.</td><td> </td><td> </td><td> </td></tr><tr><td> </td><td style="background-color: #556E95"> </td><td style="background-color: #556E95"> </td><td> </td><td> </td><td> </td><td> </td></tr></table>  Steel Industry Preservation Act  <div class="indented"><div class="indented">Introduced by Senators Shelley Moore Capito (R-W.Va.), Sherrod Brown (D-Ohio), Rob Portman (R-Ohio), and Bob Casey (D-Pa.) and Representatives Mike Kelly (R-Pa.) and Mike Doyle (D-Pa.)</div></div> A strong domestic steel industry is critical for our nation’s economy and our national security. To help support jobs in this important economic sector while also improving our environment, the Steel Industry Preservation Act would eliminate an Environmental Protection Agency (EPA)-designated hazardous waste and save energy by incentivizing the production of steel industry fuel. Steel industry fuel is produced through a process liquefying coal waste sludge—an EPA-designated hazardous waste—distributing the liquefied product on metallurgical coal, and using the resulting mixture as a feedstock for the manufacture of coke. The Steel Industry Preservation Act will create a tax credit worth $2 per barrel of oil equivalent for the production of steel industry fuel made at a steel industry fuel facility placed in service within 18 months of enactment. The credit will extend for 10 years from the date the facility is placed in service. The benefit of the credit will flow to steel producers, as well as workers, and will make producing steel less expensive. This will improve the competitiveness of domestic steel manufacturing and help strengthen opportunities for workers across the industry. Additionally, the process will create new jobs as steel industry fuel facilities are built and operated. Alternative methods of disposing of coal waste sludge involve off-site incineration— using one energy source to dispose of another—or land filling. Incentivizing the production of steel industry fuel will help preserve the domestic steel industry, make efficient use of our energy resources, and improve our environment. </div>

Lawmakers Announce Steel Industry Fuel Credit Bill

U.S. Senate

In a May 24 release, Senate Finance Committee members Sherrod Brown, D-Ohio, Rob Portman, R-Ohio, and Robert P. Casey Jr., D-Pa., and Sen. Shelley Moore Capito, D-W.Va., announced legislation to provide a tax credit for steel industry fuel to “encourage companies to produce steel, cut down on production costs, and support jobs.”

In a May 24 release, Senate Finance Committee members Sherrod Brown, D-Ohio, Rob Portman, R-Ohio, and Robert P. Casey Jr., D-Pa., and Sen. Shelley Moore Capito, D-W.Va., announced legislation to provide a tax credit for steel industry fuel to “encourage companies to produce steel, cut down on production costs, and support jobs.”

In a May 24 release, Senate Finance Committee members Sherrod Brown, D-Ohio, Rob Portman, R-Ohio, and Robert P. Casey Jr., D-Pa., and Sen. Shelley Moore Capito, D-W.Va., announced <a href="/lr/resolve//29jyc">legislation</a> to provide a tax credit for steel industry fuel to “encourage companies to produce steel, cut down on production costs, and support jobs.”

In a May 24 release, Senate Finance Committee members Sherrod Brown, D-Ohio, Rob Portman, R-Ohio, and Robert P. Casey Jr., D-Pa., and Sen. Shelley Moore Capito, D-W.Va., announced legislation to provide a tax credit for steel industry fuel to “encourage companies to produce steel, cut down on production costs, and support jobs.”