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Stronger Worker Protection: Companies Must Pay for Local Layoff Impact.

This law expands the requirement for advance notice of mass layoffs by lowering employee thresholds, ensuring more workers receive early warning. It mandates that profitable companies causing closures or mass layoffs must cover the economic losses incurred by local communities. These funds will support state programs for worker training and assistance.
Key points
More companies must provide advance notice of mass layoffs because the minimum number of affected employees triggering this requirement has been lowered.
Profitable companies conducting layoffs must compensate local governments for economic damages, such as lost tax revenue and impact on local businesses.
These funds will be directed to special state funds designed to support laid-off workers through job training and financial assistance.
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Additional Information
Print number: 118_HR_9963
Sponsor: Rep. DeSaulnier, Mark [D-CA-10]
Process start date: 2024-10-11