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Understanding the Bituminous Coal Conservation Act and Its Legacy
Definition & Meaning
The Bituminous Coal Conservation Act, enacted in 1935, aimed to stabilize the bituminous coal industry during the Great Depression. Its primary goals were to maintain high prices and wages within the industry and to curb unfair trading practices. The Act introduced a voluntary scheme that offered tax rebates to those who complied with its provisions. It also established the Bituminous Coal Commission, which was responsible for overseeing the industry's regulations. The Act was later repealed by the Bituminous Coal Act of 1937, which introduced new marketing regulations and deemed several provisions of the original Act unconstitutional.
Table of content
Legal Use & context
The Bituminous Coal Conservation Act is relevant in discussions about labor laws and economic regulations within the coal industry. Legal practitioners may reference this Act when examining historical regulations affecting labor rights, pricing, and market practices in the coal sector. Users can manage related legal documents through platforms like US Legal Forms, which offer templates for compliance and regulatory submissions.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
(Hypothetical example) A coal mining company that adheres to the provisions of the Bituminous Coal Conservation Act may receive tax rebates, helping to offset operational costs during economic downturns.
(Hypothetical example) A labor union representing coal workers may use the Act to negotiate better wages and working conditions based on the protections it offers against unfair trading practices.
Relevant laws & statutes
The Bituminous Coal Conservation Act of 1935 and the Bituminous Coal Act of 1937 are the primary statutes related to this topic. The latter Act replaced the former and introduced significant changes to the regulation of the coal industry.
Comparison with related terms
Term
Description
Key Differences
Bituminous Coal Conservation Act
A law aimed at stabilizing the coal industry during the Great Depression.
Focused on price and wage stabilization and unfair trading practices.
Bituminous Coal Act of 1937
A law that repealed the 1935 Act and introduced new regulations.
Regulated marketing practices and deemed parts of the 1935 Act unconstitutional.
Common misunderstandings
What to do if this term applies to you
If you are involved in the coal industry and are unsure about regulatory compliance, consider consulting legal professionals who specialize in labor and economic regulations. You can also explore US Legal Forms for templates that may assist in ensuring compliance with current laws and regulations.
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