Bill > S4634

This bill provides support for air carrier workers through several key provisions: 1. It authorizes the Secretary of the Treasury to provide $25.5 billion in financial assistance to passenger air carriers, $300 million to cargo air carriers, and $3 billion to contractors to be used exclusively for the continuation of employee wages, salaries, and benefits. 2. It requires air carriers and contractors receiving assistance to refrain from conducting involuntary furloughs or reducing pay rates and benefits until March 31, 2021, and to meet certain other conditions related to limitations on stock buybacks, dividend payments, and executive compensation. 3. It authorizes the Secretary of Transportation to require air carriers receiving assistance to maintain minimum levels of scheduled air service to ensure service to small and remote communities and to maintain supply chains for healthcare and pharmaceuticals. 4. It provides $11.4 billion in direct appropriations and transfers $17.4 billion in unobligated funds from the CARES Act to the Secretary of the Treasury to carry out the provisions of the bill.

Transportation and Infrastructure

https://www.congress.gov/bill/116th-congress/senate-bill/4634/all-info