To amend the Worker Adjustment and Retraining Notification Act to require notice of certain plant closings to be provided to the Secretary of the Treasury and to amend the Internal Revenue Code of 1986 to deny the benefits of the Puerto Rico and possession tax credit in the case of runaway plants.
Jobs Preservation Act of 1993 - Amends the Worker Adjustment and Retraining Notification Act to require notification of certain plant closings to the Secretary of the Treasury if the employer or a related person holds stock in a corporation eligible for the Puerto Rico and possession tax credit.
Amends the Internal Revenue Code to deny the Puerto Rico and possession tax credit in cases of runaway plants.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E499)
Referred to the House Committee on Education and Labor.
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Labor-Management Relations.
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