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US S4634

US S4634
Air Carrier Worker Support Extension Act of 2020


summary

Introduced
09/21/2020
In Committee
09/21/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

Air Carrier Worker Support Extension Act of 2020 Air Carrier Worker Support Extension Act of 2020

AI Summary

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.

Committee Categories

Transportation and Infrastructure

Sponsors (26)

Last Action

Read twice and referred to the Committee on Commerce, Science, and Transportation. (on 09/21/2020)

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