Section 1 Short title
This Act may be cited as the “Layoff Prevention Act of 2021”.
Layoff Prevention Act of 2021
A BILL
To provide for an extension of temporary financing of short-time compensation programs.
Sec. 2 Extension of temporary financing of short-time compensation payments in States with programs in law
Section 2108(b)(2) of the CARES Act (15 U.S.C. 9026(b)(2)) is amended by striking “March 14, 2021” and inserting “the date that is 5 years and 6 months after the date of enactment of the Layoff Prevention Act of 2021”.
Sec. 3 Extension of temporary financing of short-time compensation agreements
Section 2109(d)(2) of the CARES Act (15 U.S.C. 9027(d)(2)) is amended by striking “March 14, 2021” and inserting “the date that is 2 years and 13 weeks after the date of enactment of the Layoff Prevention Act of 2021”.
Sec. 4 Extension of grants for short-time compensation programs
in subsection (b)(1), by striking “$100,000,000” and inserting “$200,000,000”;
in subsection (c)(1), by striking “December 31, 2023” and inserting “December 31, 2026”; and
in subsection (g), by striking “$100,000,000” and inserting “$200,000,000”.
Effective date— The amendments made by subsection (a) shall take effect as if included in the enactment of the CARES Act (Public Law 116–136).