I will be happy to try to answer that. First of all, included in the $179 million--which I assume came as some surprise to the Senator from Oklahoma, because that is the entire cost over the entire amendment--the scoring group took into account what would happen, for example, not with just the 125,000 we have this year, but suppose Bethlehem Steel in Maryland, as could happen, went chapter 7, went belly-up next year; the Senator from Oklahoma should know--and there might be some residuals; there might be a caretaker or grandmother who has a dependent. If that company goes belly-up, that is already included in the $179 million. They looked at the condition of what they adjudged to be the steel industry and its future, and the health care cost attending to that and made their judgment. So your question still comes back to $179 million.
Jay Rockefeller: “I will be happy to try to answer that. First of all, included in the $179 million--which I assume came as some surprise…”
On the recordMay 16, 2002
Source
govinfo.govEditor's note · Context
Discussing the financial implications of an amendment related to the steel industry.
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