U.S. Congress - S.1333 Layoff Prevention Act of 2011
S.1333 - Layoff Prevention Act of 2011
A bill to provide for the treatment and temporary financing of short-time compensation programs. view all titles (2)
All Bill Titles
- Official: A bill to provide for the treatment and temporary financing of short-time compensation programs. as introduced.
- Short: Layoff Prevention Act of 2011 as introduced.
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Official Summary
7/6/2011--Introduced.Layoff Prevention Act of 2011 - Amends the Internal Revenue Code to set forth requirements relating to short-time compensation programs to allow employers to reduce the workweek of their employees in lieu of layoffs. Provides for federal financing of state short-time cOfficial Summary
7/6/2011--Introduced.Layoff Prevention Act of 2011 - Amends the Internal Revenue Code to set forth requirements relating to short-time compensation programs to allow employers to reduce the workweek of their employees in lieu of layoffs. Provides for federal financing of state short-time compensation programs. Requires the Secretary of Labor to:(1) award grants to states that enact such programs;
(2) develop model legislative language for use by states in developing, enacting, and implementing such programs; and
(3) report to Congress and the President on their implementation.
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