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Protecting Aviation Manufacturing Jobs: Support for Companies and Employees

This act aims to protect and restore jobs in companies manufacturing aircraft and their components that have been affected by the pandemic. Companies can receive funding for salaries, benefits, and training for employees most at risk of layoff or already laid off, provided they meet specific requirements. This support is intended to help maintain employment stability in a crucial industry.
Key points
Financial support program for aviation companies to retain and restore jobs.
Funding covers 50% of compensation, benefits, and training costs for at-risk employees.
Companies must show at least a 15% revenue decline and commit to not laying off employees covered by the program.
Funds cannot be used for stock buybacks or dividends, only for supporting US-based employees.
The program is set to run until April 30, 2023, with a budget of $15 billion.
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Status:
Expired
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Additional Information
Aviation Manufacturing Jobs Protection Act of 2021
Print number: HR 553
Sponsor: Rep. Larsen, Rick [D-WA-2]
Process start date: 2021-01-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Protecting Aviation Manufacturing Jobs: Support for Companies and Employees

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 553.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-01-28.

What are the main provisions?

Key points include:

  • Financial support program for aviation companies to retain and restore jobs.
  • Funding covers 50% of compensation, benefits, and training costs for at-risk employees.
  • Companies must show at least a 15% revenue decline and commit to not laying off employees covered by the program.
  • Funds cannot be used for stock buybacks or dividends, only for supporting US-based employees.
  • The program is set to run until April 30, 2023, with a budget of $15 billion.

What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Larsen, Rick [D-WA-2].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Aviation.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

Analysis and Potential Impact of HR 553

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Labor Economy Transport