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US S1333

US S1333
Layoff Prevention Act of 2011


summary

Introduced
In Committee
Crossed Over
Passed
Dead

Introduced Session

112th Congress

Bill Summary

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.

Committee Categories

Budget and Finance

Sponsors (13)

Last Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4398-4400) (on 07/06/2011)

bill text


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