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Bill > S4860


US S4860

REEF Act Railroad Employee Equity and Fairness Act


summary

Introduced
10/26/2020
In Committee
10/26/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A bill to exempt payments made from the Railroad Unemployment Insurance Account from sequestration under the Balanced Budget and Emergency Deficit Control Act of 1985. This bill provides that payments made from the Railroad Unemployment Insurance Account shall not be subject to reduction with respect to unemployment compensation programs for qualified railroad employees.

AI Summary

This bill, the REEF Act (Railroad Employee Equity and Fairness Act), exempts payments made from the Railroad Unemployment Insurance Account from sequestration under the Balanced Budget and Emergency Deficit Control Act of 1985. This means that unemployment compensation programs for qualified railroad employees will not be subject to reduction. The bill takes effect 7 days after the date of enactment and applies only to obligations incurred on or after that effective date for such payments.

Committee Categories

Budget and Finance

Sponsors (11)

Last Action

Read twice and referred to the Committee on the Budget. (on 10/26/2020)

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