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Bill > HR6778


US HR6778

_______ Act of 2020


summary

Introduced
05/08/2020
In Committee
05/08/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend the Coronavirus Economic Stabilization Act of 2020 to place certain requirements on corporations receiving Federal aid related to COVID-19. This bill prohibits corporations that receive specified federal aid related to the COVID-19 (i.e., coronavirus disease 2019) pandemic from making certain changes to their workforce. Specifically, corporations receiving such aid must not reduce workforce levels, employee benefits, or wages; or alter any collective bargaining agreements. These prohibitions apply beginning on the date a corporation first receives such aid and end one year after the date on which the later of either the termination of the COVID-19 public health emergency or the aid has been repaid.

AI Summary

This bill amends the Coronavirus Economic Stabilization Act of 2020 to place certain requirements on corporations receiving federal aid related to the COVID-19 pandemic. Specifically, the bill prohibits corporations that receive such aid from reducing workforce levels, employee benefits, or wages, or altering any collective bargaining agreements. These prohibitions apply from the date the corporation first receives the aid until one year after the later of the termination of the COVID-19 public health emergency or the repayment of the aid.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Referred to the House Committee on Financial Services. (on 05/08/2020)

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