H.R.2421 - Layoff Prevention Act of 2011

To provide for the treatment and temporary financing of short-time compensation programs. view all titles (2)

All Bill Titles

  • Official: 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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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
07/06/11
 
 
 
 
 
 
 

Official Summary

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.

Official Summary

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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Organizations Supporting H.R.2421

  • National Employment Law Project
  • National Skills Coalition

Organizations Opposing H.R.2421

  • None via MapLight at this time.




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