Us Congress 2023-2024 Regular Session

Us Congress Senate Bill SB5034

Introduced
9/12/24  

Caption

American Energy Worker Opportunity Act of 2024

Impact

The bill specifically impacts labor laws related to worker support during industrial transitions. It introduces measures that provide financial assistance to qualified individuals whose employment has been terminated due to the closure of coal mines or fossil-fuel plants. This includes payments based on prior earnings and assistance for health insurance coverage for up to five years post-closure. The establishment of the Office of American Energy Workers signifies a federal commitment to not only support displaced workers but also to expedite economic adaptation as the country moves toward cleaner energy sources.

Summary

SB5034, titled the 'American Energy Worker Opportunity Act of 2024', aims to provide additional benefits to American workers affected by the transition to a clean energy economy. This bill establishes an office within the Department of the Treasury to administer various support programs for workers impacted by coal mine or fossil-fuel intensive plant closures. Provisions include wage replacement benefits, health insurance assistance, and educational benefits for workers and their families. The goal is to facilitate a smoother transition into new employment opportunities within the green economy.

Contention

While the bill appears to have significant support due to its focus on worker assistance, there are potential points of contention regarding its implementation and funding. Critics may raise concerns about the sustainability of the financial support offered, as well as the effectiveness of the office created to manage these benefits. Questions around resource allocation, eligibility verification, and potential overlap with existing welfare programs will likely be debated. Additionally, the emphasis on transitioning to clean energy may not sit well with stakeholders in traditional fossil fuel industries, who might argue for the preservation of jobs in those sectors.

Companion Bills

US HB9557

Same As American Energy Worker Opportunity Act of 2024

Previously Filed As

US HB9557

American Energy Worker Opportunity Act of 2024

US HB3699

WORKER Act Widening Opportunities to Recapture Key Energy Roles Act

US SB300

LOAN Act of 2023 Leveraging Opportunities for Americans Now Act of 2023

US SB5352

American Renewable Energy Act of 2024

US SB4615

American Energy Efficiency Act of 2024

US HB10139

American Renewable Energy Act of 2024

US HB9467

American Energy Efficiency Act of 2024

US HB5744

Energy Innovation and Carbon Dividend Act of 2023

US SB441

American Opportunity Accounts Act

US HB1041

American Opportunity Accounts Act

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