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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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
07/05/11
 
 
 
 
 
 
 

Sponsor

Senator

John Reed

D-RI

View Co-Sponsors (12)

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 c

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 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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