To provide for the treatment and extension of temporary financing of short-time compensation programs.
Layoff Prevention Extension Act of 2016
This bill amends the Middle Class Tax Relief and Job Creation Act of 2012 with respect to state short-time compensation programs that allow employers to reduce the workweek of their employees in lieu of layoffs. The bill: (1) extends federal financing of the programs for an additional two years; and (2) extends through December 31, 2016, the deadline for a state to submit to the Department of Labor its application for a short-time compensation program grant.
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6189-6190)
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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