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Extension of Layoff Prevention Programs Funding

This act extends funding for programs that help companies retain employees during difficult times, rather than laying them off. This means more people can keep their jobs, and businesses receive support for training and adapting to changing market conditions. It provides greater job stability for many citizens.
Key points
Extends financial support for programs that allow companies to reduce work hours instead of laying off employees, helping to preserve jobs.
Increases available funds for grants to states to establish or improve layoff prevention programs, supporting local job markets.
Provides a longer period for these programs to be utilized, offering greater certainty and flexibility for businesses and employees facing economic uncertainty.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_242
Sponsor: Sen. Reed, Jack [D-RI]
Process start date: 2021-02-04
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Layoff Prevention Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_242.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-02-04.

What are the main provisions?

Key points include:

  • Extends financial support for programs that allow companies to reduce work hours instead of laying off employees, helping to preserve jobs.
  • Increases available funds for grants to states to establish or improve layoff prevention programs, supporting local job markets.
  • Provides a longer period for these programs to be utilized, offering greater certainty and flexibility for businesses and employees facing economic uncertainty.
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 Sen. Reed, Jack [D-RI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Labor Benefits Economy