To prohibit business enterprises that lay-off a greater percentage of their United States workers than workers in other countries from receiving any Federal assistance, and for other purposes.

Directs each Federal agency that provides grants, loans, or loan guarantees to businesses to require, as a condition of such assistance, that the business provide annually information on: (1) the number of employees employed in the United States and its territories and the number employed outside the United States, as well as wage information on U.S. employees; and (2) the percentage of the workforce that has been laid off or forced to resign during the preceding year. Prohibits, until the situation is corrected, subsequent assistance to a business that lays off a greater percentage of workers in the United States or its territories than in other countries.