A bill to provide for the treatment and temporary financing of short-time compensation programs.
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.
Referred to the Subcommittee on Human Resources.
Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
Became Public Law No: 112-96.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 165.
Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the bill made in Senate. (consideration: CR S6383)
Introduced in Senate
Sponsor introductory remarks on measure. (CR S4397-4398)
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4398-4400)
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